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Tokuyama Reports Fall in Profits

4:31 AM MST | November 10, 2011 | Deepti Ramesh

Tokuyama (Tokyo) recorded a 7.3% fall in net profits for the fiscal first half ended September 30, 2011 compared with the year-ago period, to ¥2.7 billion ($34.7 million). Sales increased 1.6%, to ¥141.9 billion, mainly due to an increase in sales volume of certain products such as caustic soda and vinyl chloride resins, and the rise in selling prices of certain petrochemical products, Tokuyama says. The chemicals segment of Tokuyama reported a 10.3% rise in first-half sales compared with the year-ago period, to ¥42.7 billion, while operating profits...

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