Japan's Ube Industries yr-to-Mar profit falls 64%; sales down 2%

10 May 2013 09:33  [Source: ICIS news]

TOKYO (ICIS)--Ube Industries’ year-to-March net profit declined by 64% to Y8.27bn ($82m), with net sales slipping 2% to Y626bn, the Japanese chemical firm said on Friday.

Operating profit for the period declined by 35% to Y30.0bn, the company said in a statement.

In the chemicals and resins segment, operating profit slumped 78% to Y5.0bn as net sales declined by 5% to Y219.3bn owing to sluggish overseas market conditions for caprolactam, Ube Industries said.

Operating profit for the performance products and fine chemical segment fell by 77% to Y1.2bn, with net sales falling by 5.1% to Y61.1bn.

($1 = Y100.7)

By: Tomomi Yokomura
+65 6780 4359

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