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…