Japan's Itochu chemicals net profit down 48% in April-June

02 August 2012 11:00  [Source: ICIS news]

TOKYO (ICIS)--Japanese trading firm Itochu on Thursday recorded a 48% year-on-year decrease in its April-June net profit to yen (Y) 3.2bn ($40.8m) for its chemicals operation, with gross trading profit declining by 3.1% to Y15.5bn.

The chemicals operation is part of the company’s energy and chemicals segment.

Itochu’s overall net profit for the three months to 30 June 2011 fell by 24% to Y70.7bn from the same period a year earlier, while trading income, or operating profit, was down by 3.2% at Y54.6bn, the firm said.

($1 = Y78.50)

By: Tomomi Yokomura
+65 6780 4359

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