Japan's Mitsubishi Corp chemicals net profit up 27% in 2011/12

08 May 2012 07:16  [Source: ICIS news]

TOKYO (ICIS)--Japanese trading firm Mitsubishi Corp on Tuesday posted a 27% increase in its full-year 2011/12 net profit in the chemicals segment, supported by higher earnings and transactions at its petrochemical-related subsidiary.

It recorded a net profit of yen (Y) 37.1bn ($464m) for the fiscal year ended 31 March, up from Y29.1bn a year earlier.

Operating profit in the chemicals segment was Y86.6bn, a 2.9% year on year increase from Y84.2bn.

Mitsubishi Corp’s full-year net profit, however, fell by 2.3% year on year to Y454bn from Y465bn, while operating profit decreased by 14% to Y271bn from Y316bn.

($1 = Y79.94)

By: Tomomi Yokomura
+65 6780 4359

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