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NICCA CHEMICAL surges in late afternoon trading on 35% operating profit growth in Q1 driven by high-value-added EHD products
NICCA CHEMICAL CO.,LTD. <4463> shares jumped in late afternoon trade. Around 3:00 p.m., the company reported first-quarter consolidated sales of 15.02 billion yen, up 13.8% year-on-year, while operating profit rose 35.4% to 1.16 billion yen. The core chemical products business drove the results, fueled by expanding sales of high-value-added EHD (environment, health and hygiene, digital, and advanced materials) products, such as fluorine-free water repellents. NICCA CHEMICAL also secured new business in electronic materials-related process chemicals.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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