Breaking News, World News and Taiwan News.

Hitachi says quarterly profit plunges by 41 percent due to slack demand

AFP
February 5, 2013, 12:46 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

TOKYO -- Japan's Hitachi said Monday that its quarterly profit plunged 41 percent, pointing to weaker demand for construction machinery and automotive equipment for the hit to its earnings.

The conglomerate, whose products range from diggers to nuclear reactors, said it earned 20.2 billion yen (US$217.8 million) in its third quarter to December, down from 34.2 billion yen a year earlier.

Sales slipped 7 percent to 2.11 trillion yen, it said.

For the nine months to December, Hitachi said net profit was down to 50.3 billion yen from 85.1 billion yen a year earlier.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	Qantas reveals more plans in bid to revive int'l arm with focus on Asia

NEXT ARTICLE
Chinese beat out Germans in survey ranking world's top holiday spenders

Sponsors
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.
▪	"Dress First is the leading supplier of all kinds of dresses. You can buy your favorite suknie ślubne here."
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.