Huapont-Nutrichem’s first-half agchem sales up 14%
Chinese chemical company Huapont-Nutrichem recorded a 13.6% increase in agrochemical sales to Yuan 2,355.4 million ($379.3 million at the current rate) in the first six months of 2015. Total sales, including pharmaceuticals and other businesses such as tourism services and tea sales, grew by over a quarter (27.7%) to Yuan 3,323.3 million ($535.2 million). Net profit shot up by 70.7% to Yuan 398.3 million ($64.1 million), and the profit margin for agrochemical products was 2.8% higher during the period. Huapont-Nutrichem saw a 7.4% rise in agrochemical sales to Yuan 3,737.2 million ($601.8 million) in 2014.