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Yangnong’s first-quarter sales level

Chinese agrochemical company Jiangsu Yangnong Chemical recorded flat sales of Yuan 502.5 million ($77.3 million at the current rate) in the first quarter of 2011, edging up just 0.3% on the same period last year. Net profit for the period fell by 17.3% to Yuan 38.1 million ($5.9 million). Strong herbicide exports saw the company’s agrochemical sales increase by 18% to Yuan 1,495.9 million ($230.2 million) in 2010 ( Agrow No 616 p 6).

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