Toray income dives on declining demand due to COVID-19

MOSCOW (MRC) -- Toray Industries reports a 62.8% drop in net income for its fiscal first quarter ended 30 June, to ?9.5 billion (USD90 million), compared with ?25.6 billion a year earlier, according to Chemweek.Operating income plummeted 63.7% year on year (YOY) to ?12.5 billion. Revenue was ?397.6 billion, a decrease of 22.5% YOY.Sales by Toray's fibers and textiles segment were ?145 bil

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