Japan's JSR posts 26% increase in Q1 2012 net profit

23 July 2012 10:24  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer JSR Corp on Monday posted a 26% increase in its first three-month net profit to yen (Y) 6.82bn ($87m) over the same period a year earlier, partly on increased semiconductor demand.

The company’s net profit in the first quarter of last year was Y5.43bn.

Operating profit in the first three months to 30 June 2012, however, fell by 5.6% to Y8.72bn from Y9.24bn, while net sales were up by 10% to Y93.0bn from Y84.4bn in the same period a year earlier.

Net sales in the elastomers segment rose by 18% year on year to Y49.5bn partly because production and sales of synthetic rubbers recovered from the negative impacts of the 11 March 2011 earthquake, but operating profit declined by 16% to Y4.40bn, JSR said.

($1 = Y78.43)

By: Tomomi Yokomura
+65 6780 4359

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