Asahi Kasei reports higher earnings improved price demand

Asahi Kasei reports higher earnings on improved price and demand

12:01 PM, 17th June 2011
Asahi Kasei reports higher earnings on improved price and demand

TOKYO, JAPAN: The Asahi Kasei group posted positive results on growing economic demand. The consolidated results of Asahi Kasei reflected substantially stronger performance buoyed by higher market prices and increased overseas demand in the chemicals segment as well as favourable performance in the homes and electronics segments. Net sales were ¥ 1,598.4 billion, an increase of ¥ 164.8 billion, up by 11.5 per cent from a year ago. The operating income increased by ¥ 65.3 billion, by 113.3 per cent from a year ago to ¥ 122.9 billion. Ordinary income increased by ¥ 61.9 billion, by 109.7 per cent to ¥ 118.2 billion. For the same period, net income increased by ¥ 35 billion, by 138.4 per cent to ¥ 60.3 billion.

Considering the results by segment, the chemicals sales increased by ¥ 120.1 billion, a 19.3 per cent from a year ago to ¥ 742.2 billion and operating income increased by ¥ 38.3 billion, 147 per cent to ¥ 64.4 billion.

For the homes segment, sales increased by ¥ 19.5 billion, 5 per cent from a year ago to ¥ 409.2 billion and operating income increased by ¥ 11.1 billion, 43.9 per cent to ¥ 36.5 billion.

In the healthcare segment, sales increased by ¥ 3.2 billion, a 2.8 per cent rise from a year ago to ¥ 116.4 billion and operating income increased by ¥ 3 billion, 76.1 per cent to ¥ 7 billion.

The fibres segment reported sales increase by ¥ 7.6 billion, 7.5 per cent from a year ago to ¥ 108.8 billion and operating income increased by ¥ 7 billion to ¥ 4.2 billion.

As for the electronics segment, sales increased by ¥ 15.6 billion, 11 per cent from a year ago to ¥ 158.3 billion and operating income increased by ¥ 7 billion, 96.9 per cent to ¥ 14.3 billion.

Considering the construction materials segment, sales increased by ¥ 0.4 billion, a 0.8 per cent from a year ago to ¥ 47.4 billion and operating income increased by

¥ 0.9 billion, 74 per cent to ¥ 2.1 billion.

Also the company reported that following the effect of the earthquake and repairs, the Ishinomaki Plant (Miyagi Prefecture) and Neoma Foam Plant (Ibaraki Prefecture), partially resumed production on April 11. The Tomobe Plant (Ibaraki Prefecture) has resumed operations but in succession, with full operation restart slated for mid-June. The Sakai Plant (Ibaraki Prefecture) had already resumed normal operation.

(C) WOC News

 

 

0 Comments

Login

Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News


Praxair expands Gulf Coast hydrogen supply capabilities

DANBURY, US: Praxair Inc is expanding its hydrogen capacity in Texas and Louisiana and extending its Mississippi River corridor hydrogen pipeline syst ...

Read more
Messer acquires gas business in Austria

Messer Austria, on 2nd May 2011, acquired the gas business of Sapio Gase GmbH. With this the company plans to consolidate its market position in Aus ...

Read more
LG Chem announces NPG expansion and price increase

SEOUL, KOREA: LG Chem announced the expansion of 35 KT in Neo Pentyl Glycol (NPG) capacity at Yeosu plant from 65 KT to 100 KT. The expansion capaci ...

Read more
Samsung-BP to hike acetic acid capacity in Korea

SEOUL, SOUTH KOREA: Samsung BP Chemicals will increase the capacity of its 470,000 mt/year acetic acid plant in Ulsan by about 20 per cent to 570,000 ...

Read more
BASF to expand MDI capacity in Korea

YEOSU, KOREA: BASF signed an agreement to expand its Yeosu facility for MDI. BASF and other companies will collectively invest a total of KRW 80 billi ...

Read more
DOE to give $ 36 billion in advanced biofuels and chemicals funding

WASHINGTON DC, US: Secretary of Energy, US, Steven Chu announced $ 36 billion in federal grants to fund six small-scale projects in five states design ...

Read more