Japan's Ube Industries year-to-March 2012 net profit grows 33%

10 May 2012 09:57  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer Ube Industries reported on Thursday a 33% increase in its year-to-March 2012 net profit to yen (Y) 23.0bn ($288m), partly on improved performance of its chemicals and plastics segment.

Its operating profit for the fiscal year rose 3.7% to Y46.0bn, while net sales rose 3.7% to Y638.7bn from Y616.1bn, the company said in a statement.

In the chemicals and plastics segment, full-year operating profit rose 15% to Y23.0bn, while net sales increased 13% to Y231.0bn, Ube Industries said.

($1 = Y80)
By: Tomomi Yokomura
+65 6780 4359



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