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Kuraray reports rise in profits and sales

11:02 AM MDT | August 1, 2013 | Deepti Ramesh

Kuraray reports a 12.6% rise in net profits for its fiscal first quarter, ended 30 June, compared with the year-ago period, to ¥6.5 billion ($66 million). First-quarter sales increased 5.2%, to about ¥93.1 billion. In the first quarter of the fiscal year, there was a correction in the overvaluation of the Japanese currency, but economic recovery in Europe stalled, and economic growth in China and other emerging countries slowed; reflecting these trends, Kuraray's operating environment remained challenging, the company says. In Japan, there is a sense of...

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