Dowa Holdings’ Earning Rebounds in April-June

Dowa Holdings announced on Friday the firm’s consolidated operating profit increased to 2.35 times at 10.081 billion yen in April-June compared with the same period of 2009. The sales increased by 49.8% to 94.603 billion yen and net profit increased to almost 4 times at 6.522 billion yen due to the increase in demand for automobile and information technology.

The firm posted 49.804 billion yen sales with 4.902 billion yen operating profit from nonferrous metal business unit in April-June while the firm posted 34.936 billion yen sales with 2.930 billion yen operating profit in the same period of 2009.