Japan's Ube Industries April-December net profit falls 35%

05 February 2013 07:26  [Source: ICIS news]

TOKYO (ICIS)--Japan’s Ube Industries reported on Tuesday a 35% year-on-year decline in its nine-month net profit to yen (Y) 12.6bn ($136m), partly on poor performance in its chemicals and plastics segment.

Operating profit in the nine months to 31 December 2012 fell by 34% to Y23.2bn from the same period a year earlier, while net sales declined by 1.4% to Y464.5bn, the company said in a statement.

In the chemicals and plastics segment, operating profit slumped by 78% year on year to Y4.3bn, while net sales were down by 6.5% to Y162.9bn, the producer said.

($1 = Y92.42)

By: Tomomi Yokomura
+65 6780 4359

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