Industry News

Summary of the results of major global chemical companies

Update:04 Aug 2016
Summary:

Saudi Basic Industries (SABIC) reported a 25% decline i […]

Saudi Basic Industries (SABIC) reported a 25% decline in net profit for the second quarter of 2017, mainly due to higher sales costs and lower sales. SABIC second quarter net profit of 3.71 billion riyals, lower than last year's 4.96 billion riyals.

Mitsubishi Chemical Holdings Corporation (NYSE: Mitsubishi Chemical Holdings) announced results for the first quarter of fiscal 2010 (April to June). Quarter sales revenue 8980.18 billion yen, compared with 794.594 billion yen a year earlier. Operating profit for the quarter was 90.997 billion yen, compared with 70.612 billion yen in the same period last year. Net profit for the quarter was 47.708 billion yen, compared to 26.078 billion yen in the same period last year.

Toray Industries (Inc.) announced its three-month results as of June 30, 2017. Net sales for the quarter were 508.88 billion yen ($ 4.537 billion), compared to 478.08 billion yen in the same period last year. Operating profit for the quarter was 38.85 billion yen ($ 347 million), compared with $ 41.001 billion in the same period last year. Net profit for the quarter was 26.097 billion yen ($ 233 million), compared to 29.691 billion yen in the same period last year.

Sumitomo Chemical announced its three-month results for the year ended June 30, 2017. Net sales for the quarter were 505.514 billion yen ($ 4.54 billion), compared with 456.55 billion yen in the same period last year. Operating profit for the quarter was 37.624 billion yen ($ 336 million), compared with 25.326 billion yen in the same period last year. Net profit for the quarter was $ 15,155 million ($ 282 million), compared to ¥ 12,261 million for the same period last year.

Asahi Kasei Corporation announced the first quarter of fiscal year 2010 (April - June) performance. Net sales for the quarter were 448.736 billion yen, compared to 425.525 billion yen in the same period last year. Operating profit for the quarter was 37.858 billion yen, compared with 29.879 billion yen in the same period last year. Net profit for the quarter was 30.064 billion yen, compared with 24.093 billion yen in the same period last year.