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Meghmani’s third-quarter sales down 4%

Indian company Meghmani Organics (Ahmedabad) recorded a 4.1% decline in agrochemical sales to Rs 948.1 million ($20.5 million at the current rate) in the three months to December 31st 2009 of fiscal 2009-10. The fall came about as a result of a 25.6% drop in exports to Rs 598.6 million ($13 million), which could not be offset by an almost 90% rise in domestic sales. Gross profit was down some 26%.



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