Wynca sales up on smaller profits in Q1
Chinese company Wynca Chemical recorded total sales of Yuan 1,860.6 million ($298.8 million at the current rate) in the first quarter of 2014, an increase of 7.5% compared with the same period last year. The company made an operating profit of Yuan 40.9 million ($6.7 million), down more than half (-63.3%) on the same period in 2013. Total sales, including those of organosilicone products and agrochemicals, were not revealed. Agrochemicals accounted for over half (54%) of the company’s total sales of Yuan 6,584 million ($1,057.5 million) in 2013 (Agrow No 687, p 8).