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Shin-Etsu reports rise in profits, sales

8:06 AM MDT | July 25, 2013 | Deepti Ramesh

Shin-Etsu Chemical reports a 20.3% increase in net profits for the fiscal first-quarter, ended 30 June, compared with the year-ago period, to ¥32 billion ($321 million). First-quarter sales increased 1.6%, to ¥270.9 billion. During the first quarter of the fiscal year, a gradual recovery continued in the United States, but the economic slowdown in Asia was a matter of concern and the economic stagnation in Europe continued, Shin-Etsu says. In Japan, a trend towards recovery was seen in exports to the United States as well as in consumer spending, but...

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