in this issue
World News and Views :: Top of the News
Idemitsu Kosan's petchem business reports fall in sales, operating profits
12:11 AM MST | November 7, 2012 | Deepti Ramesh
The petrochemical business segment of Idemitsu Kosan reported a 4.7% fall in sales in its fiscal first half, ended 30 September 2012, compared with the year-ago period, to ¥252.7 billion ($3.15 billion), mainly because of a decline in sales volumes as a result of sluggish demand from China, as well as the drop in naphtha prices. Operating profits for the petrochemical business decreased by 24.1%, to ¥5.7 billion, despite a reduction in costs, because of poor product margins and the decline in sales volumes, Idemitsu...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee