Sumitomo Swings to Profit but Sales Fall; Downgrades Projections

06:02 AM | July 31, 2012 | Deepti Ramesh

Sumitomo Chemical recorded a net profit of ¥904 million ($11.5 million) for its fiscal first quarter, ended June 30, 2012, compared with a net loss of ¥9.75 billion in the corresponding period of the...