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Toray reports rise in profits and sales

12:17 AM MDT | May 8, 2014 | Deepti Ramesh

Toray Industries reports a 22.9% rise in net profits for the company’s fiscal year ended 31 March 2014, compared with the previous fiscal year, to ¥59.60 billion ($585 million). Full-year sales increased 15.4%, to ¥1.83 trillion. During the fiscal year, the global economy continued to grow gradually, as consumer spending in the United States grew on the back of improved employment, while the European economy continuing to stagnate despite some signs of recovery, and China and other emerging economies slowed down, Toray says. The Japanese economy has...

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