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Sanonda's sales up 25% in Q1

Chinese company Hubei Sanonda recorded a 25.4% increase in sales to Yuan 628.6 million ($100.3 million at the current rate) in the first quarter of 2013. Net profit more than doubled to Yuan 37.5 million ($6 million) compared with the same period last year, continuing the boom that saw profits double in 2012. Agrochemicals, including pesticides and fertilisers, accounted for 98.3% of the company’s total sales in 2012 ( Agrow No 662, p 5).



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