Japan's Denka records 21% decrease in full-year net profit

09 May 2012 08:00  [Source: ICIS news]

TOKYO (ICIS)--Japan’s Denki Kagaku Kogyo (Denka) recorded a 21% decrease in its full-year net profit to yen (Y) 11.3bn from Y14.4bn a year earlier partly owing to losses incurred as a aresult of last years earthquake and tsunami, the company said on Wednesday.

Operating profit for the full year to 31 March 2012 fell 16% year on year to Y20.7bn from Y24.6bn, while net sales was up 1.9% to Y364.7bn from Y357.9bn, the chemical producer said in a statement.

In the organic chemicals segment, full-year operating profit declined 26% year on year to Y3.7bn, while net sales increased 4.6% to Y163.6bn.

This was partly because the sales of styrene monomer (SM) rose from the previous year, while the sales of clear resins including acrylonitrile budtadiene styrene (ABS) resin declined, Denka said.

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