Rubber decline hits Ube group-profits

Tokyo – Ube Industries Ltd’s synthetic rubber business contributed to a steep decline in group profitability for the first three quarters of its current fiscal year, ending 31 March.

While group-wide net sales increased 6.6% year-on-year to Yen540.4 billion (€4,33 billion), Ube’s operating earnings fell 20.1% to Yen30.0 billion.

At Ube’s chemicals division, while net sales increased 4.2% year-on-year to Yen234.7…

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