Japan’s Marubeni Corp posts 5.4% rise in H1 chemicals profit

29 October 2010 08:30  [Source: ICIS news]

TOKYO (ICIS)--Japanese trading firm Marubeni Corp’s first-half net profit rose by 5.4% to yen (Y) 3.66bn ($45.2m) year on year, as a result of increased sales and higher petrochemical prices, the company said on Friday.

Operating profit in the chemicals segment for the six months ending 30 September increased by 52% to Y3.42bn, up from Y2.25bn in the same period last year, while the company’s sales in the segment were up by 23% to Y375.7bn year on year.

Marubeni’s overall net profit increased by 36% to Y68.6bn year on year, while operating profit was 5.7% higher at Y66.4bn, up from Y62.9bn in the same year-ago period, according to the company.

The firm’s total sales were Y4,451.9bn, a 20% year-on-year increase from Y3,701.2bn, the company said.

($1 = 81.05)  

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By: Tomomi Yokomura
+65 6780 4359

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