• Sat
  • Jul 12, 2014
  • Updated: 11:59pm

Shipbuilder warns of profit fall

PUBLISHED : Monday, 13 April, 1998, 12:00am
UPDATED : Monday, 13 April, 1998, 12:00am

Shipbuilder Sumitomo Heavy Industries says its group net profit for the year ended March 31 will fall because of poor sales by the parent company and subsidiaries. With the result yet to be finalised, Japanese media report that the result will drop 16 per cent from 1996/97 to about five billion yen (about HK$300.78 million). The company had previously forecast a 52 per cent rise to nine billion yen.


Share

For unlimited access to:

SCMP.com SCMP Tablet Edition SCMP Mobile Edition 10-year news archive
 
 

 

 
 
 
 
 

Login

SCMP.com Account

or