Subscribe free to our newsletters via your
. Nuclear Energy News .




POLITICAL ECONOMY
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
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








POLITICAL ECONOMY
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


POLITICAL ECONOMY
Food vs. fuel: Is there surplus land for bioenergy?

Which Biofuels Hold the Most Promise for the Future

Palm Oil Massive Source of Carbon Dioxide

Super-microbes engineered to solve world environmental problems

POLITICAL ECONOMY
3M Introduces 3M Solar Encapsulant Film EVA9000

Maximize Energy Production of Distributed PV

Sutherland Packaging in Green Township Goes Solar

New Jersey Printing Company Gets Powered by the Sun

POLITICAL ECONOMY
China backs suit against Obama over wind farm deal

DNV KEMA awarded framework agreement for German wind project developer SoWiTec

Sandia Labs benchmark helps wind industry measure success

Bigger wind turbines make greener electricity

POLITICAL ECONOMY
Irish wave energy test site to get license

Hong Kong to tighten power plant emission limits

Germans to see big 'green' surcharge hike

EU blacklists Iran energy minister under new sanctions

POLITICAL ECONOMY
Cleaner fracking

Fears grow Iran will block Hormuz Strait

Indonesia's geothermal heats up

Iran Guards reject accusation of oil spill plan

POLITICAL ECONOMY
Most Planetary Systems are 'Flatter than Pancakes'

Glitch could end NASA planet search

Ultra-Compact Planetary System Is A Touchstone For Understanding New Planet Population

Nearest Star Has Earth Mass Planet

POLITICAL ECONOMY
New radar for Israeli ships

Argentine military official resigns over warship seizure

Raytheon tapped by Office of Naval Research to develop hybrid power generator technology for the Marine Corps

Northrop Grumman to Supply Machinery Control System for LHA-7 Amphibious Assault Ship

POLITICAL ECONOMY
Rover eyes 'man-made' objects in Martian dirt

Opportunity Is On The Move Around 'Matijevic Hill'

NMSU Graduate Student Looks For Indications Of Life On Mars In Possible Trace Methane Gas

Rover's Second Scoop Discarded, Third Scoop Commanded




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