in this issue
People & Business :: Earnings/Finance
Sinofert posts lower profit; potash cartel collapse expected to benefit China
8:07 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?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee