Japan's Marubeni chemicals full-year net profit up 24%

07 May 2012 08:23  [Source: ICIS news]

TOKYO (ICIS)--Japan’s Marubeni Corp posted on Monday a 24% increase in its full-year net profit in the chemicals segment to yen (Y) 7.54bn ($94.4m) from Y6.07bn a year earlier on the back of gross trading profit in the segment.

Operating profit in the chemicals segment for the full year to 31 March 2012 rose 16% to Y5.99bn from Y5.16bn year on year, while gross operating profit was up 9.8% to Y26.5bn from Y24.1bn, the trading firm said in a statement.

Marubeni’s full-year net profit increased 26% to Y172.1bn from Y136.5bn the previous year, while operating profit was up 7.9% to Y157.3bn from Y145.8bn.

($1 = Y79.85)

By: Tomomi Yokomura
+65 6780 4359

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