Sales halve for Wynca in third quarter
Zhejiang Wynca Chemical recorded total sales of Yuan 908.2 million ($133.2 million at the current rate) in the third quarter of 2009, down 54.3% on the corresponding figure last year. Nine-month sales were 51.6% lower at Yuan 2,925.9 million ($429.2 million). Net profits for the third quarter fell a huge 84.5% to Yuan 82.3 million ($12.1 million). Agrochemical sales figures for the period were not disclosed, but accounted for about 71% of the company’s total sales in 2008 ( Agrow No 564, p 2).