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Huaxing Chemical posts strong nine-month results

Chinese agrochemical company Anhui Huaxing Chemical (Anhui) recorded sales of Yuan 1,231 million ($180.6 million at current rate) in the first nine months of 2008, more than double the figure from the same period last year. Net profit for the period was Yuan 215 million ($31.5 million), more than five times last year’s figure. Sales for the third quarter were Yuan 307 million ($45 million), while net profit stood at Yuan 48 million ($7 million).

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