Japan's JSR year-to-March ’13 profit rises 15%, net sales up 6.2%

24 April 2013 08:01  [Source: ICIS news]

TOKYO (ICIS)--JSR Corp posted a 15% increase in its year-to-March 2013 net profit to yen (Y) 30.3bn ($304m), partly on recovering domestic demand in the automotive sector, the Japanese chemical producer said on Wednesday.

Net sales for the period grew 6.2% year on year to Y371.5bn,  but operating profit fell 2.1% to Y35.2bn, the company said in a statement.

The company’s synthetic resins segment recorded a 39% increase in operating profit to Y2.96bn, with net sales up 1% at Y51.8bn for the fiscal year ending March 2013, the company said.

($1 = Y99.43)

By: Tomomi Yokomura
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