Independent journal on economy and transport policy
08:34 GMT+2
IHI slashes this year's earnings forecasts
(The Japan Times Online)
October 3, 2001
Ishikawajima-Harima Heavy Industries Co. said Tuesday it has revised down its full- and half-year group earnings projections for the 2001 business year, citing hefty appraisal losses on its stock portfolios and a troubled subsidiary.
The major shipbuilder said it expects to post a group net profit of 1 billion yen in the business year ending March 31, instead of the 8 billion yen it projected in May.
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