30 January 2013 06:10 [Source: ICIS news]
TOKYO (ICIS)--Sekisui Chemical posted a 15% year-on-year increase in its nine-month net profit to yen (Y) 19.8bn ($218.3m) on increased sales in all of its three segments, the Japanese chemical producer said on Wednesday.
Operating profit in the nine months to 31 December 2012, however, fell by 5.2% to Y34.9bn from the same period a year earlier, while net sales rose by 5.4% to Y754.8bn.
The decrease in operating profit was due to the impact of the massive earthquake and tsunami in north-eastern Japan on 11 March 2011, the company said in a statement.
Operating profit in the performance plastics segment increased by 12% year on year to Y16.8bn, while net sales was up by 13% to Y252.2bn.
In the performance plastics segment, net sales for automotive products increased from the previous year, supported by steady demand in the US and an increase in demand in Asia and Central and South America, Sekisui Chemical said.
($1 = Y90.7)
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