Japan's Denka nine-month net profit falls 9.3%, sales down 8.4%

07 February 2013 03:00  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer Denki Kagaku Kogyo (Denka) reported on Thursday a 9.3% year-on-year decline in its nine-month net profit to yen (Y) 8.90bn ($95m), with net sales falling by 8.4%.

Net sales for April-December 2012 stood at Y253.8bn, the company said in a statement.

The company’s operating profit the period fell by 6.6% to Y15.6bn.

In the organic chemicals segment, operating profit shrank to Y88m from Y3.44bn in the previous corresponding period, as net sales declined by 17% to Y102.3bn, it said.

Denka said that polystyrene sales at its Singapore subsidiary declined.

($1 = Y93.38)

By: Tomomi Yokomura
+65 6780 4359

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