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Tosoh reports rise in profits

9:33 AM MDT | May 13, 2013 | Deepti Ramesh

Tosoh recorded a 79.8% rise in net profits for its fiscal year ended 31 March compared with the previous fiscal year, to ¥16.9 billion ($166 million). Full-year sales decreased 2.7%, however, to ¥668.5 billion, because of falling demand for the company’s products because of the weak Japanese economy and product shortages because of the accident at the No. 2 vinyl chloride monomer (VCM) plant in the company’s Nanyo complex at Shunan, Japan. A fire broke out following an explosion in November 2011 at the Shunan plant. An employee...

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