Tuesday, 08 May 2007

Idemitsu's Profit Rises 52 Percent as Asian Petrochemical Demand Increases

(Bloomberg) -- Idemitsu Kosan Co., Japan's second- biggest petroleum refiner, said full-year profit rose 52 percent, led by increased revenue and income from petrochemical business.

Net income surged to 41.6 billion yen ($347 million) for the year ended March 31, from 27.4 billion yen a year earlier, the company said in a statement to the Tokyo Stock Exchange. Sales rose 2 percent to 3.39 trillion yen.


Read more at Bloomberg Energy News

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