Sinofert Announced 2010 Interim Results    

Sinofert Holdings Limited (HK: 0297) recorded revenue of RMB13 246 million for the first six months of 2010, an increase of 5.92% over the same period last year. It achieved net profit of RMB340 million compared to a loss of RMB828 million in the same period last year.
   Sinofert sold 7.44 million tons of fertilizers in the first half of 2010, up 17.15% year-on-year. And it traded 3.26 million tons of nitrogenous fertilizers and 1.18 million tons of potash fertilizers, representing a substantial increase of 24.01% and 97.06% respectively. This domestic fertilizer distributor traded 1.82 million tons of phosphate fertilizers, up 8.64% year-on-year while it traded 0.95 million tons of compound fertilizers, indicating a slight decrease.