First-half loss forecast revised by NEC to profit of US$100 million
October 20, 2012, 12:06 am TWN
TOKYO -- Japanese information technology firm NEC said Friday it has revised its half year forecast from a loss to a healthy net profit, with reports saying demand for iPhones was helping the company.
For the first six months to September, NEC now predicts a net profit of 8 billion yen (US$100 million), compared with its earlier forecast of a net loss of 24 billion yen. It expects an operating profit of 47 billion yen on sales of 1.45 trillion yen, against its previous forecast of 1 billion yen profit on sales of 1.40 trillion yen.