People & Business :: Companies
Mitsui Chemicals Swings to Loss as Plant Accident Weighs on Sales, Earnings
5:28 AM MDT | August 8, 2012 | Ian Young
Mitsui Chemicals posted a ¥2.2-billion ($28 million) net loss in its fiscal first quarter, ended June 30, 2012, compared with a net profit of ¥12.3 billion in the year-earlier quarter, on sales down 34%, to ¥352.3 billion. Operating profits declined 15% year-on-year (YOY), to ¥6.9 billion. The results reflect a severe operating environment, despite a rebound in personal consumption in Japan following the earthquake and tsunami last year. "These harsh conditions were mainly attributable to ongoing economic disruptions caused by the European...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee