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Ube upgrades fiscal first-half earnings projection

12:07 PM MDT | September 30, 2013 | Deepti Ramesh

Ube Industries has revised its earnings and sales forecasts for the fiscal first half, ended 30 September. Ube expects to record net profits of ¥5 billion ($50.9 million) for the fiscal first half, having previously forecast net profits of ¥4.5 billion, but the company predicts half-year sales of ¥313 billion, having previously forecast half-year sales of ¥328 billion. Ube expects to report operating profits of ¥8 billion, having previously predicted operating profits of ¥12 billion. Ube also revised its earnings and sales forecasts for...

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