24 October 2011 08:21 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer JSR Corp has on Monday posted a 13% decline in its net profit in April-September to yen (Y) 11.6bn ($152m) from Y13.3bn in the corresponding period a year earlier.
This was a result of a sharp decline in domestic automobile production, which was affected by the 11 March earthquake and tsunami in northeast ?xml:namespace>
JSR’s operating profit in the six months to 30 September 2011 fell by 3% to Y19.5bn from Y20.1bn in the same period a year ago, while net sales remained at Y170.3bn year on year, the company said.
In the same six months, its operating profit in the elastomers business rose by 62% to Y10.4bn from a year ago, while net sales were up by 9.6% to Y86.2bn, according to JSR.
This was partly because net sales and sales volume of styrene butadiene rubber (SBR) and polybutadiene rubber (BR) had risen steadily as a result of increased global demand for automotive tyres, the company said.
($1 = Y76.28)
For more on JSR, visit ICIS company intelligence
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.
|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|