Shenghua Biok forecasts 2008 profit increase
Chinese agrochemical company Shenghua Biok (Deqing) expects to have recorded a 50-80% net profit rise in 2008. The forecast comes after unaudited “preliminary calculations” by the company’s finance department. Exact figures will be released in the company’s 2008 annual report. Agrochemicals account for some 68% of Shenghua Biok’s total sales ( Agrow No 551, p 4).