Japan's Marubeni posts 13% drop in Apr-Sept chemicals net profit

01 November 2012 06:43  [Source: ICIS news]

TOKYO (ICIS)--Japanese trading firm Marubeni on Thursday posted a 13% year-on-year decrease in its April-September net profit in the chemicals segment to yen (Y) 4.43bn, partly due to weak market conditions for petrochemical products, the company said.

Total volume of trading transactions fell by 8.5% year on year to Y460.1bn, while operating profit decreased by 25% to Y3.3bn, Marubeni said.

Marubeni’s overall net profit during the six months rose by 2.2% to Y105.3bn from a year earlier, while total volume of trading transactions fell by 1.4% to Y5,080.6bn.

The company’s operating profit for the same period declined by 26% year on year to Y71.6bn, according to Marubeni.

($1 = Y79.79)

By: Tomomi Yokomura
+65 6780 4359

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