Hong Kong-Sinofert Holdings Ltd. is back in the plus column, posting profit attributable to shareholders of RMB340 million for the first half ending June 30, 2010, versus a year-ago loss of RMB828 million. Revenues were RMB13,246 million, up 5.92 percent from the year-ago period. First-half total sales volume increased by 17.15 percent, to 7.44 million mt. Sinofert, the largest fertilizer distributor in China, sold 3.26 million mt of nitrogen fertilizer and 1.18 million mt of potash, representing substantial increases of 24.01 percent and 97.06 percent, respectively. Sales volume of phosphate fertilizer increased by 8.64 percent to 1.82 million mt, while that of compound fertilizer decreased slightly to 0.95 million mt.
Transparency Across the Fertilizer Value-Chain