02 February 2011 05:00 [Source: ICIS news]
SINGAPORE (ICIS)--Japanese producer Kuaray said on Wednesday its nine-month net profit surged 85% year on year to yen (Y) 22.4bn ($275m), on the back of an 11.4% increase in sales.
Sales for the period ending December stood at Y270.4bn from Y242.7bn in the previous corresponding period, it said in a statement.
Kuraray said demand for its products in Europe and the ?xml:namespace>
But the operating environment had remained unpredictable due to weakness in the Japanese economy, as well as the rapid appreciation of the yen, it said.
($1 = Y81.41)
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