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Mitsubishi Chemical Revises Earnings and Sales Forecast

11:39 PM MDT | October 26, 2009 | Deepti Ramesh

Mitsubishi Chemical has revised the consolidated sales and earnings projections for the company’s fiscal first half ended September 30, 2009. Mitsubishi expects to record a net loss of ¥3 billion ($33 million) having previously forecast a net loss of ¥25 billion. And the company expects to post first-half sales of ¥1.15 trillion, having previously forecast sales of ¥1.16 trillion. Net profits for the fiscal first half are expected to exceed the previously announced forecast due to an improvement of interests and dividends income and profit...

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