Arab Today, arab today japan\s hitachi doubles apriljune net profit
Last Updated : GMT 02:18:28
Arab Today, arab today
Arab Today, arab today

Japan\'s Hitachi doubles April-June net profit

Arab Today, arab today

Arab Today, arab today Japan\'s Hitachi doubles April-June net profit

Tokyo - AFP

Japanese high-tech firm Hitachi said Monday net profit almost doubled in the fiscal first quarter but warned about turmoil in the European market and a slowdown in China. The firm said it earned 7.0 billion yen ($89.45 million) in the three months to June, up from just 2.93 billion yen a year earlier, on stronger sales in its construction machinery, power and automotive systems businesses. Sales in the period were 2.12 trillion yen, down about 1.0 percent. \"While nuclear power generation systems recorded lower sales, thermal power generation systems performed strongly,\" the company, which makes an array of goods from microchips to trains, said in a statement. It also credited a rise in its domestic lift and escalator business and railways, adding that it had largely recovered from the pain of last year\'s quake-tsunami disaster, which pounded Japanese firms. But \"in terms of the overall business environment going forward, credit worries in Europe are expected to drag on, while at the same time there is a slowdown building in China and other emerging economies\", it said. Last week, Hitachi signed a deal to supply nearly 600 train carriages for Britain\'s inter-city rail project in a deal worth £4.5 billion ($7.06 billion), part of the Japanese firm\'s bid to shift from consumer products to large-scale infrastructure projects. On Monday, Hitachi kept its fiscal year through March 2013 outlook unchanged, expecting to book a 200 billion yen net profit on sales of 9.1 trillion yen.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s hitachi doubles apriljune net profit Arab Today, arab today japan\s hitachi doubles apriljune net profit

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today japan\s hitachi doubles apriljune net profit Arab Today, arab today japan\s hitachi doubles apriljune net profit

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday