Subscribe free to our newsletters via your

. Earth Science News .

Japan's NEC revises up profit forecast
by Staff Writers
Tokyo (AFP) Oct 19, 2012

Japanese information technology firm NEC said Friday it has revised its half year forecast from a loss to a healthy net profit, with reports saying demand for iPhones was helping the company.

For the first six months to September, NEC now predicts a net profit of 8 billion yen ($100 million), compared with its earlier forecast of a net loss of 24 billion yen.

It expects an operating profit of 47 billion yen on sales of 1.45 trillion yen, against its previous forecast of 1 billion yen profit on sales of 1.40 trillion yen.

Shares in NEC surged 10.48 percent to close at 137 yen on the Tokyo Stock Exchange on Friday.

The Nikkei business daily said NEC's carrier network business has seen brisk sales due to demand for faster mobile Internet networks known as long-term evolution (LTE), used in Apple's flagship smartphone iPhone 5.

"The LTE build out is certain to grow, fuelled by the bullish cell phone industry next-generation service rollout. This should continue to benefit NEC," a market analyst at a domestic brokerage told Dow Jones Newswires.

NEC said in a statement that the upward revision was made "mainly due to the improvement in the IT solutions business and carrier network business as a result of increased sales".

Continued efforts in structural reforms and in cost reductions as well as profit from the sale of liquid crystal display-related patents also contributed to the revised forecast, it said.

The company left unchanged its full-year forecast, projecting a net profit of 20 billion yen on sales of 3.15 trillion yen for the year to March 2013.

NEC plans to announce its results for the April-September period on October 26.


Related Links
The Economy

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

China economy slows further, but data point to pick-up
Beijing (AFP) Oct 18, 2012
China's economic growth eased for the seventh straight quarter, data showed Thursday, but analysts say the slowdown has almost bottomed out, just as the ruling Communist Party prepares for a pivotal meeting. The 7.4 percent expansion in the three months to the end of September was the weakest since the first quarter of 2009 as persistent problems in key export markets in Europe and the Unite ... read more

Tiny travelers from deep space could assist in healing Fukushima's nuclear scar

Climate change helps drive N. America disasters: re-insurer

French broadcaster apologises to Japan over Fukushima gag

Planning can cut costs of disasters: World Bank

Taiwan temple to launch 'divine advice' app

Kennedy Supporting Effort to Develop Satellite Servicing Capabilities

Mapping The Universe In 3-D

Physicists crack another piece of the glass puzzle

Dinosaur-era acoustics: Global warming may give oceans the 'sound' of the Cretaceous

LSU research team shows negative impact of nutrients on coastal ecosystems

Why Are Coastal Salt Marshes Falling Apart?

Mathematics and the Ocean: Movement, Mixing and Climate Modeling

Green groups presses Antarctica meet to expand marine haven

Ice sheet retreat controlled by the landscape

1 by land and 1 by sea

NASA's Operation IceBridge Resumes Flights Over Antarctica

Some 500 scientists have created a Top 10 list of plant-damaging fungi

U of M scientist contributes to mapping of barley genome

Green leaf volatiles increase plant fitness via biocontrol

Viral alliances overcoming plant defenses

Mexico hurricane weakens into tropical depression

World's largest subwoofer: Earthquakes 'pump' ground to produce infrasound

Could a Hurricane Ever Strike Southern California?

Study advances understanding of volcanic eruptions

Life expectancy shoots up to 60 in SAfrica: study

Africa faces spike in older people living with HIV

Liberia,ICoast to hold joint manoeuvres on border by end of year

Liberian president in Ivory Coast to discuss border security

Japanese lake record improves radiocarbon dating

Novel chewing gum formulation helps prevent motion sickness

Discovery of two opposite ways humans voluntarily forget unwanted memories

The evolutionary origins of our pretty smile

The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement