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Ube reports fall in profits, sales

4:57 AM MDT | November 2, 2012 | Deepti Ramesh

Ube Industries reported a 30.6% fall in net profits for its fiscal first half, ended 30 September 2012, compared with the year-ago period, to ¥8.4 billion ($105 million). Sales decreased 0.3%, to ¥310.7 billion. Ube’s chemicals and plastics segment recorded a 5% fall in first-half sales compared with the year-ago period, to ¥109.3 billion, and operating profits for the segment decreased 72%, to ¥3.8 billion. Sales of caprolactam were affected by the global economic slowdown as well as the supply and demand situation in China as a result of...

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