04 August 2011 06:55 [Source: ICIS news]
TOKYO (ICIS)--Japanese chemical producer Mitsui Chemicals said on Thursday its first-quarter net profit fell 35% year on year to yen (Y) 12.3bn ($160m), partly because of quake-related losses.
The company booked an extraordinary loss of Y1.3bn during the three-month period ending 30 June 2011, because of damage to operations inflicted by the 9.0-magnitude quake that hit northeastern ?xml:namespace>
Mitsui Chemicals’ operating profit for the period, meanwhile, surged 87% year on year to Y22.0bn, while net sales were up 24% to Y386.7bn.
Its petrochemicals segment recorded a first-quarter profit of Y6.09bn, up by 4.8% year on year, with net sales rising 8.7% to Y154.6bn.
($1 = Y76