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Sumitomo Chemical Expects to Swing into Profit

Sumitomo Chemical Expects to Swing into Profit

   Tokyo, May 15 (Jiji Press)--Sumitomo Chemical Co. said Wednesday that it expects to swing into a net profit in the year ending in March 2025 thanks to cost cuts after posting its biggest loss in the previous year.
   The Japanese company projects a consolidated net profit of 20 billion yen for the current business year, compared with a loss of 311.8 billion yen in the previous year when it logged an impairment loss of some 269 billion yen mainly in its pharmaceutical and petrochemical operations.

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AFP-JIJI PRESS NEWS JOURNAL


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