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Sanonda’s first-quarter sales up 24%

Chinese company Hubei Sanonda recorded a 23.5% increase in sales to Yuan 465.9 million ($71.6 million at the current rate) in the first quarter of 2011. Net profit was up 15.7% to Yuan 8.2 million ($1.3 million) compared with the same period last year. Agrochemicals, including pesticides and fertilisers, accounted for 93.3% of the company’s total sales in 2010 ( Agrow No 616, p 7).



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