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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Tosoh Swings to a Profit

1:59 PM MST | March 11, 2011 | ‚ÄĒDEEPTI RAMESH

Tosoh recorded net profits of ¬•6.7 billion ($82 million) for the nine months ended December 31, 2010, compared with a net loss of ¬•4.2 billion in the corresponding period of the previous year. Sales for the period increased 9.4%, to ¬•496 billion. Quarterly figures were not disclosed. ‚ÄúThe Japanese economy achieved a mild recovery on the strength of demand growth in China and other developing countries,‚ÄĚ Tosoh says. ‚ÄúNevertheless, concern deepened over the future course of the economy because of factors such as the sharp appreciation of yen, stagnating...

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