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People & Business :: Earnings/Finance
Tokuyama swings to loss
7:55 AM MDT | April 30, 2013 | Deepti Ramesh
Tokuyama (Tokyo) has reported a net loss of ¥37.9 billion ($388 million) for the fiscal year ended 31 March, compared with a net profit of ¥9.3 billion in the previous fiscal year. Sales decreased by about 8.4%, to ¥258.6 billion, because of decreased sales volumes and a fall in the selling price of polysilicon and lower sales volumes for vinyl chloride monomer (VCM), Tokuyama says. Tokuyama’s chemicals segment recorded a 9.3% fall in full-year sales compared with the previous fiscal year, to ¥77.3 billion. The segment reported an operating...
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