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Ube Upgrades Earnings and Sales Forecasts

12:47 AM MDT | March 22, 2011 | Deepti Ramesh

Ube Industries has upgraded its sales and operating profits projections for the fiscal year ending March 31, 2011. Ube expects to record operating profits of ¥43.5 billion ($537 million), having previously forecast operating profits of ¥36 billion, and forecasts full-year sales of ¥617 billion, having previously predicted sales of ¥613 billion. The net profits projection remains unchanged at ¥17 billion. The earlier forecasts were announced in October 2010. The forecasts have been upgraded due to various factors including “greater than...

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