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Article: Sumitomo's group net profit for 1st half up 15.8%.
- Article from:
- Kyodo News International (Tokyo, Japan)
- Article date:
- October 27, 2006
CopyrightCOPYRIGHT 2006 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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Oct. 27--TOKYO -- Trading house Sumitomo Corp. reported Friday a group net profit of
102.05 billion yen in the fiscal first half, up 15.8 percent from a year earlier on the back of strong metal and transportation-related operations.
In a consolidated earnings report for April-September, the company said pretax profit rose 12.5 percent to 160.04 billion yen, on 5.25 trillion yen in revenues, up 6.6 percent.
Per-share net profit rose to 82.01 yen from 72.40 yen.
Sumitomo said that although its net profit in the chemical products sector fell as its organic business slowed, brisk performances in metal and ship-owning and operating ...