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Tosoh Swings to Profit

12:20 AM MST | February 28, 2011 | Deepti Ramesh

Tosoh has recorded net profits of ¥6.7 billion ($82 million) for the nine months ended December 31, 2010, compared with a net loss of ¥4.2 billion in the corresponding period of the previous year. Sales for the period increased by 9.4%, to ¥496 billion. During the nine months, “the Japanese economy achieved a mild recovery on the strength of demand growth in China and other newly developing countries. Nevertheless, concern deepened over the future course of the economy because of such factors as the sharp appreciation of the yen against other...

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