Chemipro Kasei Kaisha reports higher full-year parent net profit
Updated
Updated · MarketWatch · May 11
Chemipro Kasei Kaisha reports higher full-year parent net profit
5 articles · Updated · MarketWatch · May 11
For the year ended 31 March, net profit rose to Y294 million from Y128 million, while earnings per share increased to Y18.30 from Y7.98.
Revenue fell to Y8.95 billion from Y9.71 billion, operating profit dropped to Y341 million from Y402 million, and pretax profit declined to Y128 million from Y173 million.
The Japan-based company proposed a year-end dividend of Y5.00, up from Y3.50, with results prepared under Japanese accounting standards and future dividends treated as forecasts.
With falling revenue, how did Chemipro Kasei's net profit more than double in just one year?
Why is this chemical firm's revenue shrinking while its key market is projected to boom?