IHS Chemical Week

People & Business :: Earnings/Finance

Sinofert posts lower profit; potash cartel collapse expected to benefit China

4:23 AM MDT | August 22, 2013 | Natasha Alperowicz

Sinofert Holdings, China’s largest fertilizer producer and distributor, reported a 35.5% lower profit in the first six months at 352.3 million Chinese renminbi ($57.5 million) hit by lower prices. Revenues were down 9% at Rmb20.6 billion while sales volumes were flat at 9.14 million m.t. Average selling prices were down 9.6%. Sales volumes of domestic fertilizers reached 6.94 million m.t., up 3% compared with the corresponding period of 2012, including a 29% increase in domestic potash and 6% rise in domestic nitrogen.   An industry glut and slowing...

This information is only available to Chemical Week subscribers.


Forgot your user ID or password?
Click here to have it sent to you.

Not an IHS Chemical Week subscriber yet?

Here's why you should be:

  • 31 issues of Chemical Week magazine a year in print or digital format
  • Real time news and analysis on chemweek.com 
  • 20+ years of online archives
  • Topical e-newsletters that capture the most impactful events
  • Special issues with a regional or company focus
  • Global Outlook issue

Subscribe now


contact us | about us | privacy policy | sitemap

ihsCopyright © IHS, Inc.All rights reserved.Reproduction in whole or in part without permission is prohibited.

North Asia Russia Southeast Asia China India/Pakistan Middle East Eastern Europe Western Europe Central America Canada USA Australia/New Zealand South America Africa