Japan’s Nippon Fine Chemical nearly doubles Q1 net income

28 July 2009 12:44  [Source: ICIS news]

TOKYO (ICIS news)--Japanese producer Nippon Fine Chemical almost doubled its first-quarter 2009 net income year on year due to an increase in demand for hand sanitizers as a result of the swine flu pandemic, a company official said on Tuesday.

Net income for the first quarter, which ended 30 June, was yen (Y) 441m ($4.6m), up from Y223m in the same period last year.

Operating income for the first three months more than doubled year on year to Y696m from Y315m, according to the company.

In the firm’s home products segment, first-quarter operating income increased by almost four times year on year to Y445m from Y115m due to increased demand for flu-prevention products, the company said.

($1 = Y95.21)

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By: Tomomi Yokomura
+65 6780 4359

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