DIC Reports Rise in Profits

DIC Corp. (Tokyo) has recorded a 41% rise in net profits for its fiscal first quarter ended June 30, 2011, compared with the year-ago period, to ¥8.5 billion ($109 million). Sales decreased 2.7%, to ¥191.5 billion, mainly due to the appreciation of the Japanese currency, DIC says. The printing inks & supplies business segment of the company reported a 9% fall in first-quarter sales, compared with the year-ago period, to ¥93.3 billion. Operating profits for the segment decreased by 27%, to ¥2.6 billion. DIC’s synthetic resins business...

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