DIC reports rise in profits

DIC (Tokyo) recorded a 13.5% rise in net profits for its fiscal first 9 months, ended 31 December 2012, compared with the corresponding period of the previous fiscal year, to ¥18.0 billion ($192 million). Nine-month sales decreased 5.5%, however, to ¥530.5 billion, mainly because of falling sales in Japan and the appreciation of the Japanese currency, particularly against the euro, DIC says. Despite the global economic slowdown, triggered by the European sovereign debt crisis, as well as flagging economic growth in Asia and other factors—all of...

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