NEC swings to first-half profit
News On Japan via AFP -- Oct 27
Japanese IT giant NEC on Friday booked a $100 million profit in its fiscal first half, reversing a year-ago loss, thanks to a boost in sales and cost-cutting.
The company said it earned 8.0 billion yen in the three months to the end of September, compared with an 11 billion yen loss in the same period last year, while sales edged up 0.3 percent to 1.45 trillion yen.
Operating profit surged nearly seven fold to 47.4 billion yen.
The company left unchanged its full-year forecast, projecting a net profit of 20 billion yen on sales of 3.15 trillion yen for the year to March 2013.
Source: AFP
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