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Toray Swings to Profit

10:42 PM MDT | November 3, 2010 | Deepti Ramesh

Toray Industries has recorded a net profit of about ¥25 billion ($309 million) for its fiscal first half ended September 30, 2010, compared with a net loss of ¥6.3 billion in the corresponding period of the previous year. Sales increased about 19%, to ¥733 billion. Toray’s plastics and chemicals business segment recorded a 21% rise in first-half sales, to ¥186.5 billion, compared with the year-ago period, and operating profit for the segment increased more than three fold to ¥12.1 billion. “In the plastics and chemicals segment...

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