Japan's Denka H1 net profit declines 25%, sales down 11%

07 November 2012 10:59  [Source: ICIS news]

TOKYO (ICIS)--Japan’s Denki Kagaku Kogyo Kabushiki Kaisha (Denka) reported on Wednesday a 25% year-on-year decrease in its fiscal first-half net profit to yen (Y) 5.27bn ($66m), partly on lower sales volumes of polystyrene (PS) and chloroprene rubber (CR).

Net sales in the six months to 30 September 2012 slipped by 11% to Y164.2bn, with operating profit falling by 17% to Y9.80bn, the company said in a statement.

In the organic chemicals segment, net sales for the period declined by 18% year on year to Y69.7bn, with operating profit down by 71% to Y1.1bn, Denka said.

PS sales volume at Denka Singapore declined, while CR sales to the Asian region fell, the company said.

($1 = Y80.4)

By: Tomomi Yokomura
+65 6780 4359

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