SDS Biotech’s sales ahead in first half
Japanese agrochemical company SDS Biotech recorded sales of ¥4,826 million ($63 million) in the six months ended June 30th 2011, up 3.3% compared with the same period last year. However, operating income fell by 54.2% to ¥166 million ($2 million). Fungicide sales increased by 5.2% to ¥2,022 million ($26 million). There were strong sales in the Philippines, but domestic sales declined. Paddy rice herbicides were up 1.2% to ¥1,520 million ($20 million). Good sales in South Korea were offset by lower sales in Japan due to increasing competition from other companies’ new products, SDS Biotech says. Sales of non-crop pesticides were up 23.1% to ¥931 million ($12 million), with growth in the domestic and overseas markets. Insecticides fell 26.5% to ¥256 million ($3 million), while other products were down 31% to some ¥95 million ($1 million). The company forecasts annual sales growth of 2.4% to ¥11,700 million ($152 million – Agrow No 619, p 8).