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Ube Reports Rise in Earnings and Sales

2:26 AM MDT | November 5, 2010 | Deepti Ramesh

Ube Industries reported net profits of ¥7.6 billion ($94 million) for the fiscal first half ended September 30, 2010, while it had broke even in the corresponding period of the previous year. Sales increased 15%, to ¥294.6 billion. Ube’s chemicals & plastics business segment recorded a 34% rise in first-half sales, to ¥97.2 billion compared to the year-ago period, and the segment recorded an operating profit of ¥5.6 billion, compared with an operating loss of ¥2.3 billion in the year-ago period. Sales of caprolactam and industrial...

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