World News and Views :: Top of the News
Shin-Etsu Reports Rise in Profits and Sales
5:34 AM MDT | October 28, 2010 | Deepti Ramesh
Shin-Etsu Chemical reported a 75.5% rise in net profits for the fiscal first half ended September 30, 2010, to ¥62.3 billion ($769 million), compared with the year-ago period, on sales up 28%, to ¥532.5 billion. The rise in profits was partly due to a refund of corporate taxes paid in the previous fiscal years, after Japanese and U.S. tax authorities reached an agreement settling a dispute on transfer pricing taxation, Shin-Etsu says. The company’s polyvinyl chloride (PVC) business reported first-half sales of ¥146.5 billion and operating...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee