JSR elastomers business posts 140% growth in earnings

Tokyo – JSR Corp. has posted a big rise in earnings at its elastomers business for the first three quarters of its current fiscal year, ended 31 March.

Operating profit for the business rose 141% year-on-year to Yen13.1 billion (€105 million) for the nine months to the end of last year.

The improvement was driven by “improved profit margin from higher sales”, said a 28 Jan company statement.

The positive trend offset “increased costs caused by the rise in raw material prices,” according to JSR.

Revenue grew 10.8% to…

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