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People & Business :: Companies

DIC Swings to Profit in Third Quarter

2:07 AM MST | February 8, 2010 | Deepti Ramesh

DIC Corp. reported a net profit of ¥2.3 billion ($25.5 million) for the third quarter ended December 31, 2009, compared with a net loss of ¥900 million in the year-ago period. Sales decreased by about 17%, to ¥200 billion, as the company continued to face harsh operating conditions in the third quarter due to the impact of the global recession, DIC says. Sales in Japan have however improved since the quarter ended June 30 2009, while sales overseas turned up after hitting bottom in the quarter ended March 31, 2009, DIC says. For the nine months ended...

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