Caixin
Apr 01, 2022 08:23 PM
BUSINESS

Agriculture Giant Syngenta’s Revenue Surges on China Growth

Syngenta Group's offices in Shanghai on July 20, 2021. Photo: IC Photo
Syngenta Group's offices in Shanghai on July 20, 2021. Photo: IC Photo

Syngenta Group has posted strong revenue growth in 2021 as the global agricultural technology giant owned by a Chinese state-owned enterprise benefited from surging sales in the country.

Sales of the Switzerland-headquartered company rose 23% to $28.2 billion last year, higher than the 5% rise in 2020, according to a statement it issued Thursday.

Its earnings before interest, taxes, depreciation and amortization (EBITDA), often considered a measure of operating profit, rose 14% to $4.6 billion. Net profit attributable to shareholders was $1.44 billion, slightly higher than $1.42 billion the previous year.

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