Sales up 10% in Q1 - JSR

ERJ staff report (LMH)

Tokyo - Japanese synthetic rubber producer JSR Corp. has posted sales of Yen 93 billion (Euro 984 million), and increase of 10.2 percent, for the three months running 1 April to 30 June 2012, the company's first quarter.

Net income in the first quarter of fiscal 2013 was up 25.5 percent at Yen 6.8 billion, while operating income dropped 5.6 percent to Yen 8.7 billlion.

JSR predicted that sales for the full year would be up 15.7 percent at Yen 405 billion, while net income would be up 9.8 percent at Yen 29 billion, while operating income would be up 16.8 percent at Yen 42 billion.

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Press release from JSR Corp.