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Toray reports rise in profits and sales

12:32 AM MST | February 6, 2014 | Deepti Ramesh

Toray Industries reports a 32.5% rise in net profits for the company’s fiscal first nine months, ended 31 December 2013, compared with the corresponding period of the previous fiscal year, to ¥49.42 billion ($487 million). Nine-month sales increased 15.1%, to ¥1.35 trillion. During the April-December 2013 period, the global economy continued to grow gradually, as consumer spending in the United States grew on the back of improved employment, despite the European economy continuing to stagnate after bottoming out and China and other emerging...

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