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Author Topic: Agria Updates Outlook for the Third Quarter and Full Year 2008  (Read 1094 times)

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Agria Updates Outlook for the Third Quarter and Full Year 2008
           


<p>BEIJING--(Marketwire - October 24, 2008) -  Agria Corporation (<exchange name="NYSE">NYSE</exchange>: <ticker name="GRO">GRO</ticker>) (the "Company" or
"Agria"), an innovative China-based agri-solutions provider, today updated
its outlook for the third quarter and full year 2008.
<p>
Based on preliminary results, the company now expects revenue for the third
quarter of 2008 to be at the high end of the company's prior outlook.  The
company previously expected third quarter of 2008 revenue to be in the
range of RMB 76 million (US$11 million) to RMB 80 million (US$11.7
million).  This compares to RMB 73 million in the third quarter of 2007.
The expected increase is mainly attributable to increased sales in the
company's sheep segment. As noted in prior press releases, due to normal
seasonality of the industry, corn seed revenue is typically nil in the
third quarter with the major selling season occurring in the fourth
quarter.

           

http://www.marketwire.com/mw/release.do?id=913310&sourceType=3
           
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