Japan's Sekisui Chemical posts 3.7% fall in six-month net profit

30 October 2012 07:06  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer Sekisui Chemical has on Tuesday posted a 3.7% year-on-year decline in its six-month net profit to yen (Y) 12.8bn ($160m), partly as a result of the slowdown in global markets and the appreciation of yen.

Operating profit for the six months to 30 September 2012 rose by 1.3% to Y25.0bn year on year, while net sales increased by 9.5% to Y516.0bn, the producer said in a statement.

In the high-performance plastics segment, six-month operating profit was up by 2.8% to Y11.1bn from the corresponding period the previous year, while net sales increased by 18% to Y177.6bn.

This reflected robust demand in the US, Central and South America and Asia for interlayer film for laminated glass, Sekisui Chemical said.

($1 = Y79.84)

By: Tomomi Yokomura
+65 6780 4359

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