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Ube Reports Rise in Profits and Sales

4:43 AM MDT | May 11, 2011 | Deepti Ramesh

Ube Industries’ net profits for the fiscal year ended March 31, 2011 more than doubled compared with the previous fiscal year, to ¥17.2 billion ($213 million). Sales increased 12%, to ¥616 billion Ube’s chemicals and plastics segment reported a 24% rise in sales, to ¥204.5 billion, and the segment recorded more than a four fold rise in operating profits, to ¥20 billion. Sales of caprolactam and industrial chemicals were strong, and sales of polybutadiene rubber and polyamide resins were steady, due to rising demand, Ube says. And the...

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