Synthetic rubber buoys Asahi Kasei earnings

Tokyo – Asahi Kasei Corp. has reported strong growth in sales and operating income in the first quarter of 2017, ended 30 June, due in part to higher synthetic rubber prices.

The company announced 15 Aug that operating income was Yen37.9 billion, up 26.7% compared to the same quarter the previous year.

This, said Asahi Kasei, was largely driven by higher market prices for acrylonitrile and synthetic rubber.  

Net sales came in at Yen448.7 billion, up 5.4% from the same period…

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