Nantong Jiangshan down 14% in Q1
Chinese company Nantong Jiangshan Agrochemical and Chemical recorded a 13.8% fall in total sales to Yuan 548 million ($80.3 million at the current rate) in the first quarter of 2010. The company made a net loss of Yuan 8.3 million ($1.2 million) during the quarter as against a profit of Yuan 8.2 million ($1.2 million) in the same period last year. Agrochemicals accounted for 62.8% of the company’s total sales of Yuan 2,329.9 million ($341.3 million) in 2009 ( Agrow No 591, p 8). There is no breakdown of sales available for the quarter.