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Mitsui Chemicals’ loss widens

5:16 AM MST | February 6, 2014 | Deepti Ramesh

Mitsui Chemicals reports a net loss of ¥18.5 billion ($182 million) for the company's fiscal first nine months ended 31 December 2013, compared with a net loss of ¥9.7 billion in the same period of the previous fiscal year. This was mainly due to restructuring expenses of ¥20.6 billion, for the planned plant closures in the polyurethane and phenol businesses, which were announced by the company today. Nine-month sales increased 10%, to ¥1.10 trillion. Operating profits for the nine-month period increased more than sixfold compared with the...

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