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Kaneka records rise in profits

7:55 AM MDT | May 20, 2013 | Deepti Ramesh

Kaneka (Osaka) recorded a 72.6% rise in net profits for its fiscal year ended 31 March compared with the previous fiscal year, to ¥9.32 billion ($91 million). Full-year sales increased 1.5%, to ¥476.4 billion.  During the fiscal year, the global economy saw broader signs of a slowdown, mainly due to the protracted weakness in the European economy along with slower growth in China, India, and other emerging markets, Kaneka says. The Japanese economy continued to face difficult conditions on the whole, as hopes for an economic recovery led by...

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