World News and Views :: Top of the News
Mitsubishi Chemical Swings to Loss; Downgrades Earnings and Sales Projections
9:08 AM MDT | August 1, 2012 | Deepti Ramesh
Mitsubishi Chemical reported a net loss of ¥5.57 billion ($71.5 million) in the fiscal first quarter, ended June 30, 2012, compared with a net profit of ¥24.46 billion in the year-ago period. Sales decreased 1.57%, to ¥760.25 billion. In the fiscal first quarter, sluggish demand in overseas markets such as China, the continued appreciation of the Japanese currency, and a slowdown in overseas economies induced by the sovereign-debt crisis in Europe resulted in a challenging business environment for the company's performance products and industrial...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee