Asahi Glass Books 37 Pct Rise In H1 Profit

Asahi Glass Co. , Japan's largest glass maker, booked a bigger-than-expected growth in first-half profit, buoyed by strong demand for liquid crystal display glass substrates.

The world's second-biggest maker of LCD glass substrates after U.S.-based Corning Inc. , however, kept its full-year outlook on Monday, citing uncertainties over fuel and raw material costs.The company said its operating profit for January-June jumped 37 percent to a record 90.26 billion yen , comfortably beating an average forecast of 82 billion yen in a poll of three analysts by Reuters Estimates.The Tokyo-based company saw a steep increase in shipments of LCD glass substrates in the six months, while shipments declined for substrates for plasma display panels, hit by inventory adjustments at panel makers, it said.Read the entire story on the source link below.Asahi Glass Co. , Japan's largest glass maker, booked a bigger-than-expected growth in first-half profit, buoyed by strong demand for liquid crystal display glass substrates.

The world's second-biggest maker of LCD glass substrates after U.S.-based Corning Inc. , however, kept its full-year outlook on Monday, citing uncertainties over fuel and raw material costs.

The company said its operating profit for January-June jumped 37 percent to a record 90.26 billion yen , comfortably beating an average forecast of 82 billion yen in a poll of three analysts by Reuters Estimates.

The Tokyo-based company saw a steep increase in shipments of LCD glass substrates in the six months, while shipments declined for substrates for plasma display panels, hit by inventory adjustments at panel makers, it said.

Read the entire story on the source link below.

600450 Asahi Glass Books 37 Pct Rise In H1 Profit glassonweb.com
Date: 8 August 2007
Source: Yahoo

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