02 November 2012 09:20 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Mitsubishi Gas Chemical (MGC) said on Friday its six months to September 2012 net profit fell declined by 33% year-on-year decline to yen (Y) 8.12bn ($101m) on losses from the revaluation of its investment securities.
Net sales in its fiscal first half inched up by 1.2% year on year to Y232.8bn, while operating profit decreased by 48% to Y3.93bn, MGC said in a statement.
In the aromatics segment, six-month net sales fell by 5.2% year on year to Y64bn, with an operating loss of Y600m – a reversal of Y700m profit in the same period last year, according to the company.
($1 = Y80.20)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections