JAPAN: Teijin Posts Q1 Results, Cuts FY Sales Outlook
Synthetic fibre manufacturer Teijin Ltd on Tuesday posted a first quarter group net profit of 762 million yen but cut its sales outlook because of a stronger yen and lower clothing and textile sales. The company said in the 13 weeks to June 30, sales totalled 215 billion yen and pre-tax profits reached 4.2 billion yen. Comparative quarterly results are not available as it is the first time the firm has reported quarterly results.
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