01 November 2012 07:13 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical maker Showa Denko said on Thursday its net profit in the nine months ended 30 September declined by 36% to yen (Y) 11.2bn ($140m) from the same period a year earlier, largely owing to a trouble at its chemical plant.
Net sales from 1 January to 30 September fell by 15% year on year to Y546.9bn, while operating profit was down by 39% at 23.8bn, the producer said in a statement.
Its petrochemicals net sales during the period declined by 31% to Y131.4bn from the previous year, while an operating loss of Y2.17bn was recorded, swinging from an operating profit of Y5.08bn a year earlier, Showa Denko said.
($1 = Y79.79)
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