Japan's Kaneka posts 24% increase in Apr-Sept net profit

08 November 2012 08:29  [Source: ICIS news]

TOKYO (ICIS)-- Japanese chemical producer Kaneka Corp on Thursday posted a 24% year-on-year increase in its six-month net profit to yen (Y) 3.53bn ($441.9m), partly owing to increased profits in the chemicals and expandable plastics segments.

The company’s net sales for the six months to 30 September 2012 was down by 0.5% year on year to Y233.8bn, while operating profit rose by 15% to Y7.41bn, the producer said in a statement.

Its net sales in the chemicals segment increased by 2.2% to Y46.9bn from the previous year. Operating profit was up by 70% to Y2.17bn, due to increased sales volumes of special polyvinyl chloride (PVC) resins in Japan and overseas, the company added.

($1 = Y79.88)

By: Tomomi Yokomura
+65 6780 4359

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