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Nantong Jiangshan's 2011 sales leap 47%

Chinese company Nantong Jiangshan Agrochemical and Chemical bounced back in 2011, recording a 46.5% jump in agrochemical revenues to Yuan 1,491.8 million ($235.9 million at the current rate). Low prices for the company's main product, the herbicide, glyphosate, dragged Nantong Jiangshan's revenues down some 30.4% in 2010 ( Agrow No 613, p 3). Agrochemical sales made up 57.4% of the company’s total sales of Yuan 2,601 million ($411.3 million) in 2011. Net profit fell dramatically, plunging 83.6% to Yuan 5.1 million ($806,463).



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