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Mitsubishi Chemical Posts a First-Half Loss and a Fall in Sales
10:33 AM MST | November 4, 2009 | Deepti Ramesh
Mitsubishi Chemical reported a net loss of ¥2.5 billion ($28 million) for the fiscal first half ended September 30, 2009, compared with a net profit of ¥23.5 billion in the corresponding period of the previous fiscal year. Sales decreased by 28%, to ¥1.14 trillion, mainly due to a substantial decline in demand and fall in selling prices in the company’s chemicals and performance products segments, Mitsubishi says. Mitsubishi’s chemicals segment recorded a 40% fall in sales for the first half, to ¥372 billion. The segment reported an...
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