Japan's JSR posts 12% increase in Mar-Dec ‘12 net profit

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)

By: Tomomi Yokomura
+65 6780 4359

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