Asahi Glass earnings fall on SKorea deconsolidation

Date: 22 November 2002
Source: Library Northernlight

Date: 22 November 2002

Asahi Glass Co Ltd said it posted a current profit (keijorieki) of 24.8 bln yen in the first half, compared with 35.9 bln yen a year earlier on the back of the deconsolidation of its South Korean affiliate.

It that added operating profits of all segments deteriorated. Net profit was 15.2 bln yen, compared with 13.6 bln yen a year earlier, and an operating profit was 28.7 bln compared with 44.3 bln yen. Revenue fell to 632.9 bln yen, compared with 645.8 bln yen a year earlier in the first-half.

For the year to March, the company maintained its earnings forecasts at a current profit of 52 bln yen, net profit of 31 bln yen, and revenue of 1.3 trln. The company had upgraded its full year earnings forecast on Oct 31. The company maintained its dividend payment at 4.50 yen.

600450 Asahi Glass earnings fall on SKorea deconsolidation glassonweb.com

See more news about:

Others also read

MORE...

Apogee Q3 results up on architectural glass activities
Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
PPG Names Wulfsohn to European Post
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Bystronic acquires Armatec Vierhaus GmbH
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
Pilkington: New home for butterflies
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
Owens-Brockway Glass Container Closes on Sale of Additional $175 Million Principal of 8-3/4% Senior Secured Notes
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
Southwall Names Michael E. Seifert as Sr. Vice President and Chief Financial Officer
Southwall Technologies Inc. (NASDAQ: SWTX), a global developer, manufacturer and marketer of thin-film coatings for the automotive glass, electronic display and architectural markets, has named Michael E.

Add new comment