Wynca sales up 33% in Q3

Date:11-02-2012

Chinese agrochemical company Zhejiang Wynca Chemical Group (“Wynca”) sales rose by 32.5% in the third quarter of 2012 compared with the same period last year to Yuan 1,566 million. The net profit attributable to stockholders of listed company reached Yuan 35.45 million.

For nine months, due to upward spiral on profit of glyphosate, sales of Wynca rose by 25.5% to Yuan 4,535 million. The net profit attributable to stockholders of listed company reached Yuan 7.7 million, the company succeeded in turning the business around.

The company said, its profitability improved owing to the higher price of its main product, glyphosate, and company turns losses into gains at the end of the third quarter. The company expects that net profit attributable to shareholders of listed company will increase over 50% for the full year.

Wynca is a national leading technical glyphosate producer. The company tops China’s agrochemical sales ratings on several consecutive years. In AgroChemEx 2012, the company won the Responsible Care Award once again.