Textile and fibre sales fall at Toray
16/08/2012
Toray Industries has posted lower textile and fibre sales
during the three months ended June 30.
Net sales for the quarter fell 2.9% compared with the same
period last year. Sales totalled ¥364.1 billion ($4.6 billion), while net
income dropped 43.3% to ¥10.1 billion.
Sales of fibres and textiles fell 4.6% to ¥135.8 billion,
while operating income fell 13.9% to ¥8.7 billion.
The US economy continued to recover during the quarter,
albeit at a slow pace, but European debt problems hampered Toray’s performance.
Growth in exports and investment slowed in emerging countries, and production
and sales continued to be affected by the floods in Thailand in 2011.
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