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Sumitomo Chemical's Health and Crop Sciences segment sales increase in FY 2020
Jun. 9, 2021
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JapanSales of crop protection products increased year-over-year after the acquisition of four South American subsidiaries of Nufarm in April 2020. Shipments in India also performed well.
Market prices for methionine (feed additives) increased from the previous year. As a result, sales revenue increased by ¥79.3 billion from the previous year, to ¥423.0 billion.
Backed by the improved margins of methionine and increased global shipments of crop protection products, core operating income increased by ¥29.5 billion from the previous year, to ¥31.5 billion.
Source: Sumitomo Chemical news release
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