Japan's Nippon Shokubai posts 64% rise in H1 net profit

07 November 2011 11:07  [Source: ICIS news]

TOKYO (ICIS)--Nippon Shokubai posted a 64% year-on-year increase in its first-half net profit to yen (Y) 12.3bn ($157m) from Y7.49bn on increased sales volume due to robust demand, the Japanese chemical producer said on Monday.

Operating profit for April-September rose by 34% to Y18.1bn from Y13.5bn in the same period a year earlier, while net sales were up by 19% to Y163.9bn from Y138.1bn.

In the basic chemicals segment, first-half operating profit increased by 50% to Y9.01bn from the year-before period partly because of an improvement in the spreads of some products due to market price hikes. Net sales rose by 15% to Y70.9bn, Nippon Shokubai said.

($1 = Y78.20)

By: Tomomi Yokomura
+65 6780 4359

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