Nippon Steel expected to increase earnings

Monday, 27 February 2006 10:40:51 (GMT+3)   |  
       

Nippon Steel is expected to report a 40 percent increase in group pre-tax profit to about Yen 520 billion ($4.5 billion) for the year to March due to the growing demand for steel products, particularly those used in automobiles. Sales are expected to increase 12 percent from fiscal 2004 to around Yen 3.8 trillion ($32.7 billion). Operating profit will likely rise 28 percent to around Yen 550 billion ($4.7 billion). Earnings will be supported by robust sales of high-grade steel products it supplies to manufacturers in such industries as automobile, machinery and shipbuilding.

Similar articles

China’s medium plate market sees slight rise

25 Nov | Flats and Slab

Fluctuations replace uptrend in Chinese medium plate market

04 Nov | Flats and Slab

China’s medium plate market maintains its rebound

28 Oct | Flats and Slab

China’s medium plate market sees slowdown of rising trend

01 Jul | Flats and Slab

ThyssenKrupp issues financial results for Q2 and H1 FY 2009

13 May | Steel News

China needs to develop shipbuilding plate to satisfy changing demand

26 Oct | Steel News

North American transportation and logistics – August 17, 2007

17 Aug | Steel Matters

Nippon announces Q1 net profit

30 Jul | Steel News

Plate price gap growing between south and north

19 Jul | Steel News

Japanese steelmakers post record profits

27 Apr | Steel News