Fibers and Textiles segment boosts results at Toray

08/08/2007


Japan-based Toray Industries, Inc. has posted improved consolidated results for the first quarter ended June 30, boosted by improved sales in the company’s Fibers and Textiles segment.

Overall net sales increased 7.7% compared with the same period a year ago to reach ¥385.8 billion ($3,129 million) driven by growing sales in the Fibers and Textiles segment and Plastics and Chemicals category. Operating income also rose 5.1% to reach ¥19.5 billion ($158 million), led by a strong performance in the Environment and Engineering segment and Plastics and Chemicals division.