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Idemitsu Kosan’s petrochemical business reports rise in profits and sales
12:33 AM MDT | May 2, 2013 | Deepti Ramesh
The petrochemical business segment of Idemitsu Kosan reported a 34% rise in operating profits for the fiscal year ended 31 March 2013, compared with the previous fiscal year, to ¥17.1 billion ($176 million). Full-year sales for the petrochemical segment increased 4%, to ¥528.4 billion, mainly because market prices were favorable in the second half of the fiscal year, but sales volume declined due partly to sluggish demand from China, Idemitsu says. Idemitsu's total sales volume of petrochemical products decreased by 4.8% during the fiscal year, compared...
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