Excel Crop Care down 11% in 2009
Indian agrochemical company Excel Crop Care (Mumbai) recorded consolidated net sales of Rs 6,254 million ($132.8 million at the current rate) in the year ended March 31st 2009, a decrease of 10.8% over the previous 12 months. A drop of 26.3% in exports to Rs 2,164.5 million ($46 million) was primarily responsible for the decline. Net profit increased by 8.8% to Rs 371.5 million ($7.9 million). The company registered an increase of 40.1% in the previous financial year ( Agrow No 570, p 6).