Redsun’s nine-month sales up 2%
Chinese company Nanjing Redsun recorded total sales of Yuan 4,977.1 million ($812.8 million at the current rate) in the first nine months of the year, a 1.6% increase on the same period last year. Despite sluggish growth, profits jumped 50.8% to Yuan 398 million ($65 million). Total sales included those of fertiliser products, while sales for individual product categories were not revealed. The company recorded a 39% increase in pesticide sales of Yuan 1,933.5 million ($315.7 million) in the first half of 2014. Pesticides accounted for less than half of revenues in 2013.