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Nantong Jiangshan back in the black

Chinese company Nantong Jiangshan Agrochemical and Chemical saw its first-quarter 2013 sales jump by 34.3% to Yuan 858.6 million ($136.9 million at the current rate). The company achieved net profit of Yuan 52.3 million ($8.3 million) during the first three months, a huge turnaround from the loss of Yuan 4.7 million ($750,000) that was recorded in the same period last year ( Agrow No 642, p 2). The increased profits are attributed to higher margins on the sale of pesticide products, most notably the herbicide, glyphosate, of which Nantong Jiangshan is a major producer.



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