As a result of recovery in the Asian glass market and the solid performance of its affiliates, Nippon Sheet Glass is upwardly revising its full-year forecasts.
For the year to 1 April 2001, the Japan…
As a result of recovery in the Asian glass market and the solid performance of its affiliates, Nippon Sheet Glass is upwardly revising its full-year forecasts. For the year to 1 April 2001, the Japanese firm now forecasts a group net profit of JPY 28 billion, 40% higher than the previous figure of JPY 20 billion. Owing to strong demand for optical fibre, Nippon Sheet Glass said it also adjusted its group sales forecast to JPY 305 billion, a 8.9% increase from its earlier forecast. For the six months to 30 September, Nippon Sheet Glass forecast group net profit to rise 29% to JPY 20 billion, up from its earlier forecast of JPY 15.5 billion. The company also said it has revised its group pre-tax profit forecast by 118.2% to JPY 12 billion from JPY 5.5 billion previously. Nippon Sheet Glass adjusted its group sales forecast from JPY 135 billion to JPY 151 billion, an 11.9% increase.