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DIC Posts Huge Rise in Earnings

2:13 AM MDT | May 11, 2011 | Deepti Ramesh

DIC Corp. recorded more than a six-fold rise in net profits for the fiscal year ended March 31, 2011, compared with the previous fiscal year, to ¥15.8 billion ($195 million). Sales increased 2.8%, to ¥779 billion, mainly as a result of rising demand in Asia, particularly China, which countered the appreciation of the Japanese currency, and flagging demand for printing inks in the developed countries, DIC says. DIC’s printing ink and supplies business reported a 2.6% fall in sales for the fiscal year, to ¥404.4 billion. Operating profits for the...

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