Japan's Adeka records 78% increase in nine-month net profit

07 February 2013 04:54  [Source: ICIS news]

TOKYO (ICIS)--Japanese producer Adeka Corp recorded on Thursday a 78% increase in its April-December net profit to yen (Y) 4.47bn ($48m) from the same time a year earlier because of improved performance in the food products segment.

Operating profit for the nine months to 31 December 2012 rose by 12% to Y7.36bn from the year before, while net sales stood at Y135.0bn, a 5.7% increase year on year.

Operating profit in the food products segment stood at Y1.42bn, swinging from an operating loss of Y109m the previous year, while net sales rose by 11% to Y40.3bn.

Operating profit in the chemicals segment fell by 11% year on year to Y5.56bn, while net sales rose by 3.6% to Y91.2bn.

In the chemicals segment, sales of performance chemicals increased from the previous year, but sales of basic chemicals decreased, Adeka said in a statement.

($1 = Y93.38)

By: Tomomi Yokomura
+65 6780 4359

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