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Mitsubishi Reports Huge Fall in Profits and Sumitomo Swings to a Loss; Downgrade Full-Year Projections

2:17 AM MST | February 3, 2012 | Deepti Ramesh

Mitsubishi Chemical reported a 60% fall in net profits for the fiscal first nine months ended December 31, 2011, compared with the year-ago period, to ¥32 billion ($421 million). Sales decreased 0.9%, to ¥2.35 trillion. During the nine-month period...

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