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Mitsui Swings to Profit

4:16 AM MDT | November 2, 2010 | Deepti Ramesh

Mitsui Chemicals recorded a first-half net profit of ¥17.1 billion ($213 million), compared with a net loss of ¥31.4 billion in the year-ago period, on sales up 22%, to ¥673 billion. Revenues at Mitsui’s petrochemicals segment increased 30%, to ¥211.2 billion, compared with the year-ago period. The segment recorded an operating profit of ¥6.2 billion, compared with an operating loss of ¥6.7 billion in the year-ago period. Mitsui’s basic chemicals segment reported a 32% increase in sales, to ¥206 billion, and the segment...

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