Japan’s Mitsubishi Chemical posts full-year net profit of Y83.6bn

11 May 2011 07:18  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemicals giant Mitsubishi Chemical Holdings Corporation (MCHC) said on Wednesday its full-year net profit skyrocketed to yen (Y) 83.6bn ($1.04bn) from Y12.8bn a year earlier partly on improved demand for functional products.

Its operating profit for the full year to 31 March 2011 soared to Y226.5bn from Y66.3bn, while net sales rose 26% to Y3,166.8bn from Y2,515.1bn.

Its full-year operating profit in the chemicals segment soared to Y53bn from Y6.91bn the year before, while net sales rose 14% to Y895.4bn partly because of the significant increase in terephthalic acid prices, MCHC said.

($1 = Y80.75)


By: Tomomi Yokomura
+65 6780 4359



AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly

ICIS news FREE TRIAL
Get access to breaking chemical news as it happens.
ICIS Global Petrochemical Index (IPEX)
ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index