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Sanonda's Q1 profits jump on higher sales

Chinese company Hubei Sanonda recorded a 7.6% increase in sales to Yuan 501.3 million ($79.2 million at the current rate) in the first quarter of 2012. Net profit was up 66.8% to Yuan 14.4 million ($2.3 million) compared with the same period last year. Agrochemicals, including pesticides and fertilisers, accounted for 92.7% of the company’s total sales in 2011 ( Agrow No 638, p 6).



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