Showa Denko Reports Fall in Quarterly Profits

Showa Denko reported a 26% fall in net profits for the first quarter ended March 31, 2011, to ¥2.57 billion ($31.5 million), compared with the year-ago period. Sales for the quarter increased about 3%, to ¥193 billion. The fall in profits reflects the extraordinary losses due to the earthquake that struck Japan on March 11, Showa Denko says. During the first quarter, the Japanese economy was undergoing a process of recovery. However, the economy weakened as a result of the earthquake, Showa Denko says. Showa Denko’s petrochemicals segment recorded a...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers