OREANDA-NEWS. Sojitz Corporation Announces Financial Results for 9M of FY 2012:
- Net sales: 2,948.1 billion yen (-352.5 billion yen/-10.7%).
- Gross profit: 141.1 billion yen (-15.6 billion yen / -10.0%)
- Decrease in Energy & Metals due to decrease in commodity prices and trading volumes. Decrease in Chemicals due to decline in demand in Europe, China and other parts of Asia Ordinary income: 19.8 billion yen (-18.7 billion yen / -48.7%)
- Operating income decreased due to decrease in gross profit
- Decrease in equity in earnings of affiliates
- Net income: 11.0 billion yen (+24.5 billion yen). In spite of a decrease in ordinary income, net income increased due to thenon-recurrence of the year-earlier reversal of deferred tax assets.