Japan's Denka H1 net profit rises 41% on higher prices

08 November 2013 07:56  [Source: ICIS news]

TOKYO (ICIS)--Japanese chemical producer Denki Kagaku Kogyo (Denka) on Friday posted a 42% year-on-year increase in its first-half net profit to yen (Y) 7.45bn ($76m), boosted mainly by higher product prices and lower costs.

The firm’s operating profit in April-September 2013 stood at Y10.5bn, a 6.9% increase from the previous year, while net sales was up by 11% at  Y181.4bn, Denka said in a statement.

Its first-half operating profit in the elastomers and performance plastics segment soared to Y2.9bn from Y1.1bn a year earlier, while net sales rose by 15% to Y79.7bn on increased sales volume of chloroprene rubber (CR), Denka said.

In the infrastructure and inorganic materials segment, operating profit was up by 29% at Y2.2bn, with net sales rising by 1% to Y23.8bn, the company added.

($1 = Y97.9)

By: Tomomi Yokomura
+65 6780 4359

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