Japan’s ITOCHU year-to-March ’12 net profit surges 87%

08 May 2012 07:18  [Source: ICIS news]

TOKYO (ICIS)--Japanese firm ITOCHU Corp said on Tuesday its year-to-March 2012 net profit grew by 87% to yen (Y) 300.5bn ($3.8bn).

Its operating profit for the period increased 6.4% year on year to Y272.6bn, it said in a statement.

The company’s earnings from chemicals, forest products and general merchandise segment increased 33% to Y34.5bn, with gross trading profit from the business rising 27% to Y150.1bn.

($1 = Y79.94)

By: Tomomi Yokomura
+65 6780 4359

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