Maruzen posts 11% fall in full-year net profit to Y1.72bn

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)

By: Tomomi Yokomura
+65 6780 4359

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly