Japan’s Tosoh nine-month net profit up by fourfold on higher sales
Tomomi Yokomura
03-Feb-2014
TOKYO
(ICIS)–Japanese chemical producer Tosoh Corp on Monday
posted a fourfold increase in its nine-month net profit
to yen (Y) 22.7bn from Y5.5bn year earlier amid a rise in
sales volume.
The company’s operating profit inApril-December
2013 surged to Y28.9bn from Y11.8bn previous year, while
net sales rose by 18% to Y560.5bn, it said in a
statement.
In the petrochemicals segment, operating profit surged by 57%
to Y11.3bn, with net sales up 23% to Y31.7bn, due partly to
increased shipments of olefins, Tosoh said.
Operating profit in the chlor-alkali segment stood at
Y2.54bn, compared with an operating loss of Y4.74bn from a
year earlier, while net sales was up by 25% at
Y207.6bn.
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