Today' Focus

        Hangzhou Jinjiang Group's general manager Zhang Jianyang, vice general manager Sun Jiabin and their team had  attended the SECOND BELT AND ROAD FORUM FOR INTERNATIONAL COOPERATION, they also attended the signing ceremony of comprehensive strateg...

International News

    Showa Denko reports 4.1% consolidated net sales decline in Jan-Sept 2019; aluminium can sales remain flat

  • China Aluminium Network
  • Post Time: 2019/11/8
  • Click Amount: 112

    Showa Denko on Wednesday reported consolidated net sales of ¥695,575 million in the first three quarters of 2019, a drop of 4.1% from the same period of the previous year. In the aluminium segment, sales declined by 9.1% YoY in January-September 2019.

    The Group’s operating income stood at ¥109,313 million, reflecting a year-on-year increase of 18.7%. Net income attributable to owners of the parent was ¥80,963 million in the first three quarters of 2019, down 18.4% from the same period of the previous year.

    Sales in the aluminium dropped to ¥73,698 million in the first nine months of 2019, compared to ¥81,060 million in the first nine months of 2018. That was down ¥7,362 million YoY. Operating income of the aluminium segment decreased by 64.8%, to ¥1,424 million. Operating income was ¥4,039 million in January-September 2018.  Sales of aluminium cans remained flat year-on-year.

    “Sales of aluminium rolled products decreased due to a decline in shipment volumes of high-purity foil for aluminium electrolytic capacitors, especially for use in industrial equipment and devices for data centers, resulting from adjustment of production.”

    “Sales of aluminium specialty components decreased due to a decline in shipment volumes of those for use in automotive parts and industrial equipment. Sales of aluminium cans remained at the same level of the year-before period.”

    Source: www.alcircle.com
      Copyright and Exemption Declaration :①All articles, pictures and videos that are marked with "China Aluminum Network" on this website are copyright and belong to China Aluminium Network (www.alu.com.cn). When transshipment, any media, website or individual must list the source from "China Aluminium Network (www.alu.com.cn)". We seek legal actions against anyone that disobey this. ②Articles that marked as copy from others are for transferring more information to readers, do not represent or endorse their opinions or accuracy and reliability. When other media, website or individuals copy from our website, must keep the source. Anyone that changes the articles' sources will hold the responsibilities for copyright and law problems. We also seek legal actions against anyone that disobey this. ③If any articles copied by our website concern the copyright and other problems, please contact us within one week.