Sumitomo's first-quarter agrochemical sales ahead:
Sumitomo Chemical recorded "firm" sales of agrochemicals and household insecticides in the first quarter ended June 30th 2007. The good performance, together with favourable currency effects due to the weak yen, contributed to a 5.5% increase in sales for the company's agricultural chemicals division to ¥7,166 million ($390 million). Interim pesticide sales are not available, but they account for around 77% of divisional sales, with the remainder being feed additives (Agrow No 522, p 4). First-quarter operating profit for the division rose by 17.1% to Yen5,405 million.