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Product Sanonda Hubei Sanonda Financial Results

Sanonda forecasts huge profit growth

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Chinese agrochemical company Sanonda forecasts a five-fold increase in net profit for the first three quarters of 2008 against last year’s figure. The company’s net profit in the first three quarters of 2007 was Yuan 24.7 million ($3.6 million at current rate). Operating income for the period has grown by some 30% year-on-year, the company reports.

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