Kaneka reports rise in profits

Kaneka (Osaka) has recorded a 24.3% rise in net profits for its fiscal first half, ended 30 September 2012, compared with the year-ago period, to ¥3.5 billion ($43.6 million). First-half sales decreased 0.5%, to ¥233.7 billion. Kaneka's chemicals business segment recorded a 2.2% rise in first-half sales compared with the same period last year, to ¥46.9 billion, and the segment reported a 70.1% increase in operating profits, to ¥2.16 billion. Demand for polyvinyl chloride (PVC) resins was sluggish in Japan, Kaneka says. The sales volume for...

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