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Nippon Shokubai reports fall in profits, restarts more plants at Himeji site

9:39 AM MDT | August 7, 2013 | Deepti Ramesh

Nippon Shokubai reports a 38.5% fall in net profits for its fiscal first quarter, ended 30 June, compared with the corresponding period of the previous fiscal year, to ¥3.04 billion ($31.3 million). First-quarter sales decreased by 22.8%, to ¥61.2 billion. For the first quarter, Nippon reports an extraordinary income of ¥3.85 billion, which is a part of the insurance compensation related to the explosion and fire at the company’s manufacturing complex at Himeji, Japan, on 29 September 2012. Nippon also reports an loss of ¥2.82 billion in the...

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