28 January 2013 07:08 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer JSR Corp said on Monday its nine-month net profit increased by 12% to yen (Y) 21.2bn ($233m) from the same period a year ago partly because of improved performance in the synthetic resin segment.
The company’s operating profit during the nine months ended 31 December 2012, however, fell by 14% year on year to Y24.9bn, while its net sales rose by 6.2% to Y275.3bn, according to JSR.
In the synthetic resin segment, JSR said its nine-month operating profit was up by 36% year on year to Y2.31bn, while net sales climbed by 3.5% to 39bn.
The sales of resins rose from the same time a year earlier because of an increase in automotive demand, JSR said.
($1 = Y91.02)
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