Textile maker Unitika Ltd has upped its net profit outlook for the half-year ended 30 September to Y600 million with a pre-tax profit of Y2.6 billion. This compares with the previous estimates of Y200 million net profit and Y1.5 billion pre-tax profit.

The company says cost reductions coupled with a turnaround in its engineering business are behind the rise. However, group sales outlook was revised downward to Y126 billion from Y130 billion.
In the same period last year, Unitika posted a group net profit of Y1.14 billion with sales of Y134.64 billion.