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Shin-Etsu reports rise in profits

9:29 AM MST | January 29, 2013 | Deepti Ramesh

Shin-Etsu Chemical recorded a 10.3% rise in net profits for the fiscal first 9 months ended 31 December 2012, compared with the year-ago period, to ¥83.4 billion ($923 million). Sales decreased 1.1%, to ¥782.3 billion. Third-quarter figures were not disclosed. During the nine-month period, economic growth in China slowed down, and economic stagnation deepened in Europe partly because of concerns about the European debt crisis. The move towards economic recovery in the United States lacked strength because of the poor improvement in the employment...

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