22 March 2012 09:19 [Source: ICIS news]
The fertilizer major’s revenues rose by 25.4% year on year to Y36.7bn in 2011, boosted by increased volumes and average selling prices in most fertilizer products, the company said in a statement.
The firm’s overall sales volume rose by 6.15% to 16.5m tonnes in 2011, it said.
On a year-on-year basis, sales volumes of potash fertilizers, nitrogen fertilizers and compound fertilizers in 2011 grew by 14.1%, 9.2% and 18%, respectively, to 3.16m tonnes, 7.45m tonnes and 2.43m tonnes, it said.
“With the completion of the nationwide program to expand grain production capacity, the domestic fertilizer market is expected to grow steadily this year,” he added.
Sinofert is the flagship firm of Sinochem, one of the largest state-owned enterprises in
($1 = CNY6.32)
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