Japan's Daicel yr-to-March net profit up 30% as sales volumes rise

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)

By: Tomomi Yokomura
+65 6780 4359

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