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Resonac's Profit Jumps 75% in Q1

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Resonac's (TYO:4004) profit attributable to owners of the parent rose 75% to 15.3 billion yen for the first quarter from 8.75 billion yen a year earlier.

The chemicals company's earnings per share increased to 76.17 yen from 48.44 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Revenue slipped 4.1% to 307.9 billion yen for the three months ended March 31 from 321.1 billion yen in the prior-year period.

For the year ending Dec. 31, the company expects attributable profit of 77 billion yen, EPS of 425.45 yen, and revenue of 1.31 trillion yen.

Resonac plans to pay a year-end dividend of 65 yen per share for the year.

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