atuzi2002, you said Agria bought PGW was simply because they could not generate profit/revenue in china,
the reason Agria bought PGW was simply because they could not generate profit/revenue in china, if they really had zero competition things in china what a idiot he would be to dump the profitable business?
look at the following numbers, excerpted from GRO annual report.
Net income (loss) attributable to Agria Corporation since 2008 -- remember, they were listed on NYSE in 2007.
2008 --- 751 million loss
2009 --- 135 million loss
2010 --- 59 million loss
2011 --- no mumber for whole year, only 18 million earning in the first 6 months, it's highly possible they hid some cost in the first 6 months, defered to second half year, who knows.
2012 --- 15 million loss
Please tell me what profitable business he dumped?