China’s Nanjing Red Sun Group 2011 net profit surges on fert sales

29 February 2012 10:30  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Nanjing Red Sun Group on Wednesday posted an eight-fold increase in its 2011 net profit to yuan (CNY) 68.7m ($10.9m) due to a strong performance from its fertilizer and pesticide sectors.

Sales from its fertilizer sector, including urea, compound fertilizer and other products, rose by 55.0% year on year to CNY4.46bn in 2011, Nanjing Red Sun Group said in a filing to the Shenzhen Stock Exchange.

Its sales from pesticides rose by 48.3% year on year to CNY1.28bn, according to the filing.

The company’s 2011 sales revenue increased by 52.0% year on year to CNY5.79bn.

Nanjing Red Sun Group, which is based in Nanjing in Jiangsu province, deals mainly with fertilizer and pesticide.

($1 = CNY6.30)


By: Rachel Yang



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index