JAPAN: Leading air conditioning manufacturer Daikin has announced record sales and profits for the third quarter of 2017 (April to December).

Net sales increased by 13% to JPY1,072.2bn (approx $16bn) compared to the same nine-month period last year. Net income increased 22.8% to JPY153.9bn yen ($1.44bn) over the same period.

Oceania returned the best performance with an increase in air conditioning sales of 46% to JPY54.9bn ($514m). The air conditioning figures include both its unitary and applied products as well as the filters and refrigeration businesses.

The Europe, Middle East and Africa region was the next best performing with air conditioning sales increasing by 18% to JPY214.5bn ($2bn). This was buoyed by the performance of its applied products and commercial sales of its new SkyAir products using the lower GWP refrigerant R32.