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Nippon Sheet Glass announces six-month gain

Nippon Sheet Glass has reported consolidated net profit totalling JPY 20.3 billion for the six months to 30 September.
According to Nippon Sheet Glass, the group“s six-month net profit was due partl..

Nippon Sheet Glass has reported consolidated net profit totalling JPY 20.3 billion for the six months to 30 September. According to Nippon Sheet Glass, the group“s six-month net profit was due partly to extraordinary revenue of JPY 14.6 billion, relating to a swap of the group“s shareholdings in subsidiaries of UK glassmaker Pilkington for new Pilkington shares. Nippon Sheet Glass reported a group recurring profit of JPY 12.1 billion for April-September on sales of JPY 151 billion. For the year to 31 March 2001, the company is forecasting a consolidated net profit of JPY 28 billion, up 99.9% over the previous year.

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