JSR Downwardly Revises Projected Business Results for 2016

Major Japanese synthetic rubber manufaturer JSR Corp. (TYO:4185) has downwardly revised its projected business results for fiscal 2016. Projected sales were adjusted to 367 billion yen ($3.51 billion), down 7.1 percent from 395 billion yen in the previous forecast. Operating income was revised to 26 billion yen, down 25.7 percent from 35 billion yen, while ordinary income is now projected…

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