Kuraray Reports Rise in Profits and Sales

Kuraray reported a 24% rise in net profits for its fiscal first half ended September 30, 2011, compared with the year-ago period, to ¥17.2 billion ($218 million). Sales increased 2.7%, to about ¥185.6 billion. During the fiscal first-half, uncertainties in the operating environment of Kuraray increased as a result of the financial crises in Europe and the economic slowdown in the U.S. And economies in emerging countries, which had continued to show healthy growth, plateaued during the period, Kuraray says. In Japan, "circumstances permitted no...

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