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Sumitomo Chemical's Health and Crop Sciences segment sales increase in the first nine months of FY 2020
Feb. 1, 2021
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JapanSales of crop protection products increased year on year after the acquisition of four South American Subsidiaries of Nufarm in April 2020. Shipment in India also performed well. Market prices of methionine (feed additive) increased from the same period of the previous year. As a result, sales revenue increased by ¥63.9 billion from the same period of the previous year to ¥282.4 billion.
Backed by the improved margins of methionine and increased international shipment of crop protection products, core operating income recovered from a year earlier loss to ¥12.2 billion, increase of ¥25.8 billion from the same period of the previous year.
Source: Sumitomo Chemical news release
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