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Noposion sees 9% growth in 2013

Leading Chinese pesticide formulator Shenzhen Noposion Agrochemicals recorded sales growth of 8.9% to Yuan 1,726.6 million ($281.7 million at the current rate) in 2013. That follows a 3% rise in 2012 (Agrow No 663, p 7). Despite the growth, the profit margin for the company’s agrochemical products dipped 0.3%. But, net profit soared 77% year-on-year to Yuan 169.6 million ($27.7 million).

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