05 February 2013 07:52 [Source: ICIS news]
TOKYO (ICIS)--Japanese refiner Idemitsu Kosan said on Tuesday its nine-month net profit declined by 64% year on year to yen (Y) 16.4bn ($177m), partly on lower crude prices and poor margins on petroleum products.
Operating profit for April to December 2012 fell by 42% to Y55.0bn, while net sales slipped 0.5% to Y3,158bn, the company said in a statement.
In the petrochemicals segment, operating profit declined by 46% year on year to Y6.1bn on lower sales volumes. Net sales for the segment fell by 3.1% to Y372.9bn, the company said.
($1 = Y92.42)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections