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Sagami Rubber Posts ¥110 Million First-Half Profit

Sagami Rubber Industries reported net profit of ¥110 million for the six months ended September 30, compared with a ¥126 million loss a year earlier, as revenue rose to ¥3.25 billion from ¥3.12 billion.

Sagami Rubber Posts ¥110 Million First-Half Profit

Operating profit fell to ¥74 million from ¥161 million. Pretax profit was ¥213 million, against a ¥14 million loss in the prior-year period. Earnings per share were ¥10.18, compared with a loss of ¥11.64 a share a year earlier.

The figures are for the group’s first half and are based on Japanese accounting standards. Parentheses in the reported results indicate losses.

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