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Mitsui Upgrades Earnings Forecast

4:03 AM MDT | October 27, 2010 | Deepti Ramesh

Mitsui Chemicals has upgraded its earnings forecast for the fiscal first half ended September 30, 2010. Mitsui expects to record net profits of ¥17.1 billion ($209 million), having previously forecast net profits of ¥14 billion. The company however expects to record first-half sales of ¥672.8 billion, having earlier predicted sales of ¥673 billion. The earlier forecasts were announced in May 2010.  “Financial results for the first half improved over previously announced forecasts due to improvements in trade terms for the basic...

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