World News and Views :: Top of the News
Showa Denko First-Half Profits Fall
8:56 AM MDT | August 8, 2008 | Deepti Ramesh
Showa Denko has recorded a 22% fall in net profits to ¥11.7 billion ($108 million) for the first-half of the fiscal year. And sales for the period increased by 5% to ¥511 billion. The petrochemicals segment reported an increase in sales of about 7% to ¥205 billion, largely because of the increase in prices of olefins, Showa Denko says. Operating income for the segment fell by 45% to ¥6 billion mainly because the export margins for olefins reduced and also because of the higher cost of methanol and weaker market price for acetic acid, Show Denko...
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