Japan's big three issue grave profit warnings

by Obsidian — last modified Feb 05, 2009 12:00 AM

Japan's top three operators all reported disappointing results and issued revised profit forecasts for the year-ending March 31, 2009.

Nippon Yusen Keisha, Japan's largest shipping company by revenue, revealed a 50% fall in net profit for the October-December quarter.

The company's net profit was 19bn (US$212m) for the period, compared with 38.2bn during the same period in 2007....

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