Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
Increased sales of agrochemicals more than offset a dip in Monsanto’s seed and trait revenues in the three months to May 31st 2017. Overall sales rose by 1.2% to $4,230 million in the third quarter of fiscal 2017.
Indian agrochemical company Excel Crop Care's (Mumbai) revenues increased by 24% to Rs 2,485 million ($38.4 million at the current rate) in its fourth quarter ended March 31st 2017. Net profit, however, fell by 20.7% to Rs 60.4 million ($900,000). Combined with the 5.2% rise during the first three quarters, full-year revenues moved up 10.4% to Rs 10,621.3 million ($164 million). Net profit for the period was 18.7% higher at Rs 707.2 million ($10.9 million).
Chinese company Sichuan Guoguang’s agrochemical sales were up by 26.9% to Yuan 465.5 million ($67.6 million at the current rate) in 2016. Agrochemicals made up 75.8% (60.6% in 2015) of total revenues in 2016, which rose by 1.5% to Yuan 614.3 million ($89.2 million). Net profit on total sales increased by 4.1% to Yuan 139.3 million ($20.2 million). South-western China was the company’s largest region, accounting for 23.2% of revenues. It was followed by south China (17.7%), east China (15.6%) and north China (15.2%).
All set! This article has been sent to firstname.lastname@example.org.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.