Sumitomo Cuts Earnings and Sales Forecasts; Adds PP Compounds in Asia, Mideast

14:46 PM | April 7, 2008 | Ian Young and Deepti Ramesh

Sumitomo Chemical has revised its net profits projection for the fiscal year ended March 31, 2008 from ¥85 billion ($852 million), to ¥65 billion. The company also revised its operating profits...