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Toray reports rise in profits and sales

11:28 PM MDT | August 5, 2013 | Deepti Ramesh

Toray Industries reports a 31.5% rise in net profits for the company’s fiscal first quarter, ended 30 June, compared with the corresponding period of the previous fiscal year, to ¥13.26 billion ($135 million). First-quarter sales increased 10.6%, to ¥402.74 billion. During the April-June 2013 period, the European economy continued its downward trend and growth slowed in emerging economies led by China, but the US economy showed signs of gradual recovery as consumer spending rose amid improvement in employment, Toray says. The Japanese economy saw...

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