Sumitomo Riko’s Operating Profit up in First Half on Overseas Sales, Restructuring

Sumitomo Riko Co. Ltd. (TYO:5191) has reported that sales for the second quarter of the fiscal year ending March 2017 declined due to a negative impact of currency exchange rates caused by a strong yen. However, operating profit rose on the back of a sales volume increase mainly in North America, China and other Asian countries, positive effects of restructuring…

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