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Red Sun’s total sales drop 34% but pesticide sales rise 4% in H1 2016
Aug. 4, 2016
Nanjing Red Sun Co.,Ltd.
ChinaFollow
China
The drop in total sales is largely attributable to the stock transfer of Jiangsu Zhengbang Agrosciences Co., Ltd, and Nanjing Zhengbang Investment and Development Co., Ltd, from Red Sun to Nanjing First Pesticide Group in May 2015. Sales from fertilizers and big agricultural materials business will no longer be included in Red Sun’s financial reports.
The report noted that in the first half of 2016, Red Sun continued to support the development and industrialization of products such as VB3, Glufosinate-ammonium, and chloropyridines, while accelerating its market exploration for a paraquat water-soluble gel and the “Country Cloud Business.”
Source: AgroNews
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