Redsun up 4% in first quarter
Chinese chemical company Nanjing Redsun's sales in the first quarter of 2013 increased by 3.9% to Yuan 1,449 million ($231 million at the current rate). Pesticides, including the herbicide, paraquat, and the insecticide, chlorpyrifos, accounted for 38% of total revenues in 2012 ( Agrow No 661, p 6). The company's total sales include those of chemical fertilisers, Redsun's main product category. Net profit for the first three months increased by 6.2% to Yuan 66.1 million ($10.5 million).