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Asahi Glass: glass sales decrease in year ended March 1998

25 June 1998: Asahi Glass“ glass sales fell 7% in the year ended 31 March 1998 to 440 billion yen, with the Japanese company“s overall sales declining by 5.4% to 854.5 billion yen.
A 5.5% increase…

25 June 1998: Asahi Glass“ glass sales fell 7% in the year ended 31 March 1998 to 440 billion yen, with the Japanese company“s overall sales declining by 5.4% to 854.5 billion yen. A 5.5% increase in net profit was recorded to 20 billion yen. Over 50% of total sales are of glass. In fiscal 1998, an 11% drop in pre-tax profit to 20.3 billion yen is forecast, on sales that are down 3% to 830 billion yen.

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