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Mitsui Swings to a Loss

4:06 AM MST | February 3, 2012 | Deepti Ramesh

Mitsui Chemicals reported a net loss of ¥200 million ($2.6 million) for the nine months ended December 31, 2011, compared with a net profit of ¥21 billion in the same period of the previous year. Sales increased, however, by 8%, to ¥1.1 trillion. Nine-month revenues at Mitsui’s basic chemicals segment increased 19%, to ¥374.2 billion and operating profits for the segment increased 40%, to ¥17.2 billion. Mitsui’s petrochemicals segment reported a 6% rise in nine-month sales, to ¥340.6 billion but operating profits for the...

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