01 August 2013 10:57 [Source: ICIS news]
TOKYO (ICIS)--Showa Denko’s net profit fell 73% year on year to yen (Y) 2.16bn ($22.1m) in the first half of this year, weighed partly by lower earnings at its electronics segment, the Japanese producer said on Thursday.
Its overall net sales rose by 14% year on year to Y401.4bn in January-June this year, while operating profit was down by 58% at Y6.72bn, the company said in a statement.
In the electronics segment, operating profit declined by 53% year on year to Y8.36bn, while net sales was down by 23% at Y66.2bn.
The company’s chemicals business swung to an operating profit of Y559m in the period, compared with a loss of Y211m in the previous year, with sales down by 1.3% at Y61.9bn, it said.
($1 = Y97.7)
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