JAPAN: Toray Returns To Profit
Toray returned to the black for its last fiscal year ended 31 March. The group reports net profit of nearly 17bn yen ($137m) compared with a net loss of 65.67bn yen ($533m). Operating profit was up 58 per cent to 51.17bn yen ($415m). Sales rose 8.6 per cent to 1 trillion yen ($8.1bn). Sales of the Fibre & Textiles division were up seven per cent to 433.5bn yen ($3.52bn). Domestic demand did not improve but sales of polyester products rose elsewhere in Asia.
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