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Ube upgrades net profits, sales projections

8:57 AM MDT | April 28, 2014 | Deepti Ramesh

Ube Industries has revised its net profits and sales forecasts for the full fiscal year, ended 31 March. Ube expects to record net profits of ¥12.6 billion ($123.2 million) for the fiscal year, having previously forecast net profits of ¥12.5 billion, and the company predicts full-year sales of ¥650.5 billion versus the previously forecast ¥647 billion. Ube, however, expects operating profits of ¥24.4 billion, having previously predicted operating profits of ¥26 billion. The earlier forecasts were announced in September 2013. The sales...

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