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Article: Hanshin Electric Railway Sees Record-High Profit, Sales for FY 2003.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- May 27, 2004
CopyrightCOPYRIGHT 2004 Kyodo News International. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 27--TOKYO -- Hanshin Electric Railway Co. said Thursday it posted record-high group net profit and sales for fiscal 2003 ended March 31 as sales at its affiliates were boosted by the Hanshin Tigers winning their first Central League pennant in 18 years.
The Osaka-based railway firm said its group net profit surged 53.0 percent from the previous year to 5.57 billion yen, while sales climbed 7.0 percent to 307.38 billion yen.
Group pretax profit rose 39.8 percent to 16.69 billion yen.
Hanshin Electric Railway said the Tigers' winning the CL title last year helped increase sales in its leisure and service division and transportation business as ...