Mitsubishi Reports Huge Fall in Profits and Sumitomo Swings to a Loss; Downgrade Full-Year Projections

09:12 AM | February 3, 2012 | Deepti Ramesh

Mitsubishi Chemical reported a 60% fall in net profits for the fiscal first nine months ended December 31, 2011, compared with the year-ago period, to ¥32 billion ($421 million). Sales decreased 0.9%,...