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Kuraray reports rise in profits and sales

8:59 AM MDT | April 25, 2014 | Deepti Ramesh

Kuraray reports a 2.05% rise in net profits for its fiscal year ended 31 March 2014 compared with the previous fiscal year, to ¥29.4 billion ($287 million). Full-year sales increased 11.9%, to ¥413.5 billion. Fourth-quarter figures have not been disclosed. The depreciation of the Japanese currency, which began at the end of the previous fiscal year, continued during this past fiscal year, Kuraray says. The US economy was strong during the period, but the economies in China and Europe remained stagnant, and the paces of growth in emerging economies slowed...

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