Japan's ITOCHU nine-month net profit for energy and chems down 45%

05 February 2013 06:26  [Source: ICIS news]

TOKYO (ICIS)--Japanese trading firm ITOCHU posted on Tuesday a 45% year-on-year decrease in the nine-month net profit in its energy and chemicals segment to yen (Y) 13.6bn ($147m), partly because of the deterioration in the earnings of its associated companies.

Gross trading profit in the segment during April-December 2012 rose by 4.8% to Y116.4bn from the same period a year earlier, while trading transactions stood at Y3,945.8bn, up by 12% year on year.

ITOCHU’s overall net profit fell by 4.9% to Y208.1bn, while trading income declined by 21% to Y164.2.

Total trading transactions stood at Y9,273.9bn, a 5.1% increase from the previous year.

($1 = Y92.42)

By: Tomomi Yokomura
+65 6780 4359

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