06 June 2013 11:31 [Source: ICIS news]
TOKYO (ICIS)--Japanese producer Maruzen Petrochemical on Thursday posted an 11% year-on-year decrease in its full-year net profit to yen (Y) 1.72bn due to high feedstock costs and a decline in sales volume.
Operating profit for the year to 31 March 2013 fell by 75% to Y468m ($4.73m) from the previous year, while net sales were down by 7.1% to Y356.1bn.
The company sold 325.3m tonnes of chemical products, a 10% decrease year on year.
($1 = Y99.2)
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
Asian Chemical Connections