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Sanonda issues improved profit forecast

Chinese agrochemical company Hubei Sanonda has issued an improved profit forecast for the first nine months of 2013, attributing the expectedly strong results to increases in sales volumes and prices of its main products. The company expects net profit of between Yuan 182.6 million ($29.7 million at the current rate) and Yuan 207.3 million ($33.7 million) for the period, some four times the figure for last year.

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