02 November 2012 09:29 [Source: ICIS news]
TOKYO (ICIS)--Japan’s Ube Industries said on Friday its April-September net profit fell by 31% year on year to yen (Y) 8.46bn ($105m), partly on lower spread between caprolactam selling prices and the costs of its feedstocks.
Net sales for the six months to 30 September 2012 was down by 0.3% to Y310.8bn, while operating profit declined by 29% to Y16.2bn, the company said in a statement.
In the chemicals and plastics segment, net sales were down by 5.1% year on year to Y109.3bn because of lower selling prices of caprolactam.
The segment generated an operating profit of Y3.8bn, 72% lower year on year, the company said.
($1 = Y80.20)
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