Nantong Jiangshan’s third-quarter sales up 44%
Chinese company Nantong Jiangshan Agrochemical and Chemical recorded a 43.9% increase in sales to Yuan 600.4 million ($94.2 million at the current rate) during the third quarter of 2011. The company’s nine-month sales were up 25.5% to Yuan 1,904.2 million ($299 million). Nantong Jiangshan has not released separate figures for its agrochemical division, but agrochemicals comprised 57.4 % of its total sales of Yuan 1,304 million ($204.8 million) during the first six months of the year ( Agrow No 623, p 6). The company continued to lose money in the third quarter, with an operating loss of Yuan 6.6 million ($1 million).