DATE : 2017-08-03
Nippon Shokubai’s first-quarter net profit grew 34.6% year on year to Japanese yen (Y) 6.39bn ($58m), partly on increased production and sales volume, the chemicals producer said on Thursday.
Operating profit in the three months ended 30 June 2017 also increased by 34.6% to Y7.55bn, with net sales up by 11.5% at Y80.3bn, the company said in a statement.
In the basic chemicals segment, operating profit increased by 54.2% year on year to Y4.07bn, while net sales rose by 13.6% to Y30.2bn, as sales volume of acrylic acid and its derivatives increased, Nippon Shokubai said.
In the performance chemicals segment, operating profit for the June quarter rose by 7.0% to Y3.35bn, with net sales up 8.5% at Y42.7bn, the producer said.
Source Icls News