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Redsun down 6% in first quarter

Chinese chemical company Nanjing Redsun's sales in the first quarter of 2015 fell by 5.5% to Yuan 1,409.8 million ($227.4 million at the current rate). Net profit for the first three months saw a steeper decline, falling by 37.1% to Yuan 80.5 million ($13 million). Pesticides accounted for over half of total revenues in 2014. The company's other main business area is chemical fertilisers.



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