Zeon income soars in second quarter

ERJ staff report (LMH)

Tokyo - Zeon Corp. has reported its financial results for the second quarter ended 30 Sept 2012. Sales for the period were up 5.1 percent totalling Yen 127 billion (Euro 1.2 billion). Operating income soared 46.2 percent totalling Yen 11 billion, while net income was Yen 5.5 billion, a 54.6 percent increase year-on-year.

The rubber manufacturer predicted full year sales of Yen 260 billion, up 1.1 percent from fiscal 2011. It said it expected operating income of Yen 22 billion, up 31.5 percent, and net income of Yen 12 billion, up 37.3 percent.

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News release from Zeon