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Mitsui Swings to Profit

3:48 AM MDT | May 11, 2011 | Deepti Ramesh

Mitsui Chemicals reported net profits of about ¥24.9 billion ($308 million) for the fiscal year ended March 31, 2011, compared with a net loss of ¥28 billion in the previous fiscal year. Sales increased 15%, to ¥1.39 trillion. Revenues at Mitsui’s petrochemicals segment increased 19%, to ¥434 billion, and the segment’s operating profit of ¥12.8 billion compared with an operating loss of ¥3.4 billion in the previous fiscal year. Mitsui’s basic chemicals segment reported a 25% rise in sales, to ¥436 billion, and an...

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