Redsun’s agchem sales up 19% in 2014
Chinese company Nanjing Redsun recorded pesticide sales of Yuan 3,547.5 million ($569.5 million at the current rate) in 2014, an increase of 18.8% on the previous year. Pesticide sales accounted for over half (52%) of the company’s total revenues, an increase of 11 percentage points year-on-year. The company’s total fell by 5.9% to Yuan 6,812.5 million ($1,093.7 million) due to lower sales of chemical fertilisers, the company’s other main business area. Despite falling total sales, the company’s net profit in 2014 increased by 9.1% to Yuan 405.4 million ($65.1 million).