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Sanonda sales and profits down in Q1

Chinese company Hubei Sanonda recorded a 27.7% fall in sales to Yuan 377.2 million ($55.3 million at the current rate) in the first quarter of 2010. Net profit fell sharply by 78.9% to Yuan 6.8 million ($1 million) compared with the same period last year. Agricultural chemicals, including pesticides and fertilisers, accounted for 92% of the company’s total sales in 2009 at Yuan 1,519.2 million ($222.6 million - Agrow No 590, p 6),



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