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Kuraray reports rise in profits and sales

10:33 PM MST | February 4, 2014 | Deepti Ramesh

Kuraray reports a 3.5% rise in net profits for its fiscal first nine months, ended 31 December 2013, compared with the year-ago period, to ¥22.15 billion ($218 million). Nine-month sales increased 11%, to ¥301.9 billion. In the first nine months of the fiscal year, the depreciation of the Japanese currency, which began at the end of 2012, continued, Kuraray says. The US economy was strong during the period, but the economies in China and Europe remained stagnant, causing overall demand to be lower than expected, Kuraray says. In Japan, there are signs of...

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