Matsushita's net falls in weak economy

Article Abstract:

Matsushita Electric Industrial Co. posted a major decline in its profits for the year ending on March 31, 1999. The company's poor performance is a reflection of the bleak electronics industry in Japan. Matsushita posted a 48% fall in net profits to 66.3 billion yen ($536.6 million). This did not include a one-time charge related to taxes. The company's net profits dropped 86% with the tax charge.

Comment:

Posts 48% decline in profits for year ending on March 31, 1999

Finance, Abstract

---

Analysts predict Matsushita to post 1st operating loss

Article Abstract:

Matsushita Electric Industrial Co. is expected to post an operating loss for the quarter ending June 30, 2001. Analysts made the forecast due to the US economic slowdown and to the drop in electronic component prices.

MC

---

Toshiba reduces profit forecast for fiscal year

Article Abstract:

Toshiba Corp. has lowered its forecasts for its group profit for the fiscal year ending March 31, 2001. The company lowered profit expectations by 30% to 96 billion yen (890 million euros).

Forecasts, trends, outlooks, Toshiba Corp.

Similar abstracts:

• Abstracts: Toyota net falls on weak dollar, discounts in U.S. CEO of Mazda to lead Ford Europe. Isuzu slashes jobs, closes factory to stem losses
• Abstracts: Foster's net grew 21% in first half. Lion Nathan's net rose 16% in 1st half. Foster's says net rose 8.7% in year amid gains in U.S
• Abstracts: Swiss Life buys into bank sector. Bank Ekspres will be sold to Tekfen Holding. Hungary approves purchase of ING Bank unit by Citibank
• Abstracts: Bracing for remote control. Environmentalists hail victory as rail plans get all wet
• Abstracts: Ayling's failings. A scary Swiss meltdown. Canada's not-so-open skies

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.