IHS Chemical Week

People & Business :: Earnings/Finance

Showa Denko’s chemicals and petrochemicals businesses report losses, lower sales

12:08 AM MST | February 15, 2013 | Deepti Ramesh

Showa Denko recorded a 44.8% fall in net profits for the full fiscal year, ended 31 December 2012, compared with 2011, to ¥9.36 billion ($101 million). Full-year sales decreased 13.4%, to ¥739.8 billion, largely because of lower sales in the company's petrochemicals business segment, Showa Denko says. Quarterly figures were not disclosed. Showa Denko’s petrochemicals segment recorded a 23.7% fall in full-year sales, compared with 2011, to ¥190.9 billion, and the segment reports an operating loss of ¥977 million compared with an operating...

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