Swiss Syngenta Q1 sales jump 14% to $4.02bn

15 April 2011 06:49  [Source: ICIS news]

SINGAPORE (ICIS)--Switzerland-based agrichemicals firm Syngenta said on Friday its first-quarter sales increased 14% year on year to $4.02bn (€2.77bn) on the back of strong performance in the Europe, Africa and the Middle East markets.

The three regions recorded a sales increase of 20%, the company said in a statement.

Syngenta said its crop protection business contributed $2.79bn in sales, accounting for 69% of total revenue, while its seeds business had a $1.24bn turnover.

Sales from crop protection during the first quarter increased 11% year on year, while seeds sales grew a stronger 20%, it said.

Overall sales volumes were also up 14%, Syngenta said.

($1 = €0.69)

By: Pearl Bantillo
+65 6780 4359

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