IHS Chemical Week

People & Business :: Earnings/Finance

Tokuyama swings to loss

8:30 AM MST | February 8, 2013 | Deepti Ramesh

Tokuyama (Tokyo) reported a net loss of ¥10.8 billion ($116 million) for the fiscal first 9 months, ended 31 December 2012, compared with a net profit of ¥3.9 billion in the corresponding period of the previous fiscal year. Sales decreased by about 10.4%, to ¥189.0 billion, because of decreased sales volumes and a fall in the selling price of polysilicon, which is part of the company's specialty products segment, and lower sales volumes in the chemicals segment, Tokuyama says. Tokuyama’s chemicals segment recorded a 9.6% fall in 9-month sales...

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