World News and Views :: Top of the News
Mitsubishi Swings to Profit; Upgrades Earnings and Sales Forecasts
1:07 AM MDT | August 4, 2010 | Deepti Ramesh
Mitsubishi Chemical reported a net profit of ¥24.5 billion ($285 million) for its fiscal first quarter ended June 30, compared with a net loss of about ¥17 billion in the corresponding period of the previous fiscal year, on sales up 41%, to ¥776 billion. The business environment was generally favorable due to higher selling prices and a recovery in demand in the performance products and industrial materials segments, Mitsubishi says. Sales improved also because Mitsubishi Rayon became a consolidated subsidiary of Mitsubishi Chemical in March 2010...
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