01 November 2012 04:40 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical and fibre producer Asahi Kasei reported on Thursday a 46% year-on-year decrease in its six-month net profit to yen (Y) 20.6bn ($258m) as market conditions in the chemicals and electronics businesses weakened.
Net sales for April-September 2012 inched up by 0.4% year on year to Y787.5bn, but operating profit declined by 40% to Y38.3bn, the company said in a statement.
Net sales in the chemicals segment during the six months fell by 8% to Y332.3bn, with operating profit down by 57% to Y14.6bn, partly because of lower overseas market prices of acrylonitrile and adipic acid, the company said.
($1 = Y79.79)
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