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Tosoh Reports Huge Rise in Profits

12:33 AM MDT | August 17, 2011 | Deepti Ramesh

Tosoh’s net profits for its fiscal first quarter ended June 30, 2011 increased more than seven-fold compared with the year-ago period, to ¥6.3 billion ($82 million). Sales increased 18%, to ¥183.3 billion. During the quarter, the Japanese economy and the manufacturing sector in the country slowed considerably because of the earthquake and tsunami of March 11, Tosoh says. The economy has since begun its recovery, along with the recovery of production activities, the repair of disrupted supply chains, and with the end to the restraint in personal...

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