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DIC Reports Rise in Profits

11:52 PM MST | February 17, 2011 | Deepti Ramesh

DIC Corp. (Tokyo) recorded a 93% rise in net profits for the third quarter ended December 31, 2010, to ¥4.4 billion ($53 million), compared with the year-ago period. Third-quarter sales decreased by 2.8%, to ¥194.5 billion. The fall in sales was mainly due to the appreciation of yen, DIC says. Excluding the impact of currency fluctuations, DIC recorded a 3.1% increase in third-quarter sales, and this was mainly due to the rising demand in Asia particularly in China, which countered flagging demand for printing inks in Japan, DIC says. The printing ink and...

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