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Showa Denko’s chemicals and petrochemicals businesses report mixed results

3:21 AM MDT | May 8, 2014 | Deepti Ramesh

Showa Denko reports a 76.8% fall in net profits for the first quarter ended 31 March 2014, compared with the year-ago period, to ¥945 million ($9.3 million), partly due to a rise in income taxes, the company says. First-quarter sales increased 8.9%, to ¥209.6 billion. Sales in the company's petrochemicals segment decreased due to a fall in production following maintenance shutdowns at the company's ethylene production facilities, but sales in the other business segments increased during the quarter, Showa Denko says. Showa Denko’s petrochemicals...

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