Business Services Industry
West Japan Railway Co. Posts Group Net Profit of 46 Billion Yen for April-Dec.
Knight Ridder/Tribune Business News, February, 2004
Kyodo News International, Tokyo Knight Ridder/Tribune Business News
Feb. 9--TOKYO -- West Japan Railway Co. (JR West) said Monday it posted a group net profit of 46.04 billion yen in the April-December period, surpassing its profit of 41.64 billion yen for the business year ended March 31 last year.
But JR West forecast a smaller net profit of 44.2 billion yen for the full business year to March 31 as it will book extraordinary losses related to the liquidation of a golf course management subsidiary and an early retirement program at the end of the year, a company spokesman said.
In its consolidated earnings report for the first nine months of the current fiscal year, JR West also booked a pretax profit of 75.00 billion yen and...
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