09 May 2013 08:38 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Daicel reported on Thursday a 30% increase in its full-year net profit to yen (Y) 15.4bn ($155m), backed by higher sales volumes.
Operating profit for the year ended 31 March 2013 rose by 28% to Y26.2bn, while net sales increased by 4.8% to Y358.5bn.
In the cellulose segment, operating profit rose by 75% to Y13.6bn for the period, while net sales increased by 3.3% to Y74.5bn on higher sales of acetate tow for cigarette filters, the company said.
In the organic chemicals segment, operating profit fell by 1.4% to Y5.28bn as net sales dipped by 6.6% to Y71.5bn.
($1 = Y98.82)
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