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DIC Reports Fall in Quarterly Profits and Sales

6:53 AM MDT | August 9, 2012 | Deepti Ramesh

DIC Corp. (Tokyo) recorded a 27.3% fall in net profits for its fiscal first quarter, ended June 30, 2012, compared with the corresponding period of the previous fiscal year, to ¥6.17 billion ($78.6 million). Sales decreased 8%, to ¥176.1 billion. In the fiscal first quarter, signs of a gradual improvement in the operating environment were observed, notably in the electrical and electronics, automotive, and other industries, despite the global economic slowdown caused by the European sovereign debt crisis, flagging economic growth in Asia, and other...

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