Aceto sales dropped 62% in Q1 of FY2012

Date:11-07-2011

Aceto’s agrochemical sales decreased by 62.2% to $2.46 million in the three months ended September 30, 2011. Gross profit for this business has dropped by 39.6% to $134,000 in the first quarter of fiscal 2012. Gross margin for the quarter increased to 5.4% compared to the prior period gross margin of 3.4%. Sales decline is attributed to decrease in sales of glyphosate and lack of seasonal sales of sprout inhibitor products, which are utilized on potato crops.

About Agropages.com

Agropages is the leading online media exclusively dedicated to agrochemical business, delivering rich information, deep market analysis to industry people.

Agropages is also the most professional services provider, providing comprehensive online marketing solution suited to different promotion need.

For more information, please visit: www.agropages.com