Japan's Mitsubishi Gas Chemical posts 76% rise in Apr-Dec profit

05 February 2013 07:03  [Source: ICIS news]

TOKYO (ICIS)--Japan’s Mitsubishi Gas Chemical recorded a 76% increase in its nine-month net profit to yen (Y) 16.2bn ($175m) from the same time a year earlier, partly owing to the country’s tax reform, the company said on Tuesday.

Operating profit from April-December 2012 rose by 2.8% year on year to Y9.45bn, while net sales were up by 1.7% to Y349.3bn.

Operating profit in the performance chemicals segment increased by 14% to Y6.5bn, while net sales rose by 11% to Y100bn, partly due to increased sales volume of industrial chemicals for electronics, the producer said.

($1 = Y92.42)

By: Tomomi Yokomura
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