The Japanese quartz glass manufacturer Toshiba Ceramics, an affiliate of the Toshiba Corp., has reported final group profits of JPY 5.4 billion for the 1995/96 financial year, which ended in March. Th…
The Japanese quartz glass manufacturer Toshiba Ceramics, an affiliate of the Toshiba Corp., has reported final group profits of JPY 5.4 billion for the 1995/96 financial year, which ended in March. The profits, thanks to a 29% increase in sales to JPY 98.25 billion, represent the company“s first gains on the final basis in five reporting terms. Toshiba Ceramics reported a loss of JPY 1.36 billion for the preceeding period. Exports in Asia and special glass for cathode ray tubes boosted sales in the area by 7%. Operating profit was up by almost 600% to JPY 12.1 billion. For the 1996/97 financial year, the company expects sales to be up 22%, earnings per share to increase by 85% to JPY 66.04, with net profit rising 85% to JPY 10 billion.