Sumitomo Chemical swings to loss on one-off items, COVID-19 impact; elevates forecast

Sumitomo Chemical swings to loss on one-off items, COVID-19 impact; elevates forecast
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30.10.2020

MOSCOW (MRC) -- Sumitomo Chemical swung to a net loss of GDP1.0 billion (USD10.4 million) in the fiscal first half ended 30 September, compared with a net profit of GDP29.7 billion a year earlier, said Chemweek.The figure includes one-off, unrealized losses on securities amounting to GDP33.6 billion. Sales were down 5.4% year on year (YOY) to ?1 trillion. Operating profit plunged 50.4% Y

Full article at mrcplast.com

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