Tokuyama Corporation reported a decline in its first quarter earnings as well as profits. Company's net sales decreased 7.6%, or ¥5,840 million compared with the corresponding period of the previous year, to ¥ 70,624 million. Despite firm sales of semiconductor-related products, this decrease was largely attributable to the impact of the novel coronavirus (COVID-19) pandemic, which triggered a downturn in overseas caustic soda market conditions, weak petrochemical product sales prices, and lower export volumes of dental materials to Europe and the United States.Operating profit decreased 5.3%, or ¥373 million compared with the corresponding period of the previous fiscal year, to ¥ 6,653 million. Despite lower raw material and fuel costs, Despite a downturn in raw material and fuel costs, this decrease in operating profit was mainly due to the impact of COVID-19, which triggered a downturn in overseas caustic soda market conditions, and weak petroche...

Gujarat Alkalies and Chemicals Limited (GACL) has reported a net profit of Rs 114.31 crore in FY11 against that of Rs 111.84 crore in FY10.  The company achieved Net External Sales (excluding Excise Duty) of Rs 1,423.17 crore for the year ended 31st March, 2011 as against Rs 1,278.08 crore in the previous year despite keen competition and market volatility, said Guruprasad Mohapatra, managing director, GACL.  For the quarter ended March 31, 2011, GACL achieved net sales of Rs 400.72 crore as against Rs  306.22 crore in the corresponding quarter of the previous year. Mohapatra stated that the company has achieved the total production (which includes inter unit consumption) to 15,26,107 MT during the year as against 15,23,029 MT in the previous year. The capacity utilization of the majority of the plants at Baroda and Dahej complexes achieved at cent percent or more during the year. The first three quarters of the year saw severe industry slowdown and erosion ...