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Idemitsu Kosan’s petrochemical business reports rise in profits and sales

6:37 AM MDT | August 7, 2013 | Deepti Ramesh

The petrochemical business of Idemitsu Kosan reports a 10.6% rise in sales in the company's fiscal first quarter, ended 30 June, compared with the year-ago period, to ¥149 billion. Operating profits for the petrochemical business increased more than five-fold, to ¥9.9 billion, due to better margins as a result of high market prices for styrene monomer and other products, the company...

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