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Fungicides boost Shenzhen Noposion in first half

Chinese company Shenzhen Noposion Agrochemicals recorded a 12% increase in agrochemical sales to Yuan 998.4 million ($147.6 million at the current rate) in the first half of 2010. The company, which deals mainly in products aimed at the domestic market, and therefore has little exposure to the slipping export market, recorded a 10.9% rise in sales during the first quarter of this year ( Agrow No 595,p 3). Net profit during the first half increased by 11.9% to Yuan 85.5 million ($12.6 million).

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