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Shin-Etsu Reports Rise in Profits and Sales; Partially Restarts Plants

7:48 AM MDT | April 28, 2011 | Deepti Ramesh

Shin-Etsu Chemical reported a 19% increase in net profits for the fiscal year ended March 31, 2011, to ¥100 billion ($1.2 billion) compared with the previous fiscal year. Sales increased 15.4%, to ¥1.058 trillion.  In the Japanese economy, there was a trend towards recovery in personal consumption and in investments, but the recovery lacked strength, Shin-Etsu says. And the effects of the earthquake that struck Japan on March 11 have become a matter of great concern, the company says. As a result of the earthquake, the company had to stop operations...

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