04 February 2013 08:14 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Tosoh Corp has on Monday posted a 22% year-on-year decrease in its nine-month net profit to yen (Y) 5.50bn ($59.3m) due to declined product prices in the overseas market, the company said in a statement.
Operating profit for the nine months to 31 December 2012 fell by 44% to Y11.8bn from the same period a year earlier, while net sales were down by 9.6% at Y474.4bn.
Operating profit in the petrochemicals segment declined by 30% to Y7.21bn year on year, while net sales fell by 9.7% to Y138.5bn because of decreased domestic sales volume of polyethylene (PE) and declined shipments of chloroprene rubber to Europe and Asia, Tosoh said.
($1 = Y92.78)
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