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Kuraray reports rise in profits and sales

6:48 AM MDT | October 31, 2013 | Deepti Ramesh

Kuraray reports a 23.7% rise in net profits for its fiscal first half, ended 30 September, compared with the year-ago period, to ¥15.76 billion ($160 million). First-half sales increased 10.1%, to ¥199.2 billion. In the first half of the fiscal year, there was a correction in the overvaluation of the Japanese currency, and the US economy was strong. Conversely, the economies in China and Europe remained stagnant, and economic growth in other emerging countries slowed. Reflecting these trends, Kuraray's operating environment remained challenging, the...

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