Japan’s Daicel posts 18% increase in nine-month net profit

06 February 2013 07:07  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer Daicel on Wednesday posted an 18% year-on-year increase in its April-December net profit to yen (Y) 11.8bn ($126m) on the back of improved performance in the cellulose and the resins segments.

Operating profit for the nine months to 31 December rose by 16% to Y19.9bn from the previous year, while net sales were up by 4.1% to Y265.7bn.

Operating profit in the cellulose segment increased by 78% year on year to Y9.61bn, while net sales rose by 3.4% to Y54.9bn because sales of tow for cigarette filters for overseas customers were higher than the year before, Daicel said.

($1 = Y93.36)

By: Tomomi Yokomura
+65 6780 4359

AddThis Social Bookmark Button

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.

Printer Friendly