MIGAO CORPORATION, a China-based leading specialty potash fertilizer producer, last week reported a sharp rise in net income to Cdn$11.95 million (US$9.5 million) for the its first fiscal quarter ended December 31, up from Cdn$3.1 million in the same prior year period. Net income represented 16% of revenue for the quarter under review, against 13% in the same period in 2007.
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