Subscribe to RSS feedJapan’s big three carriers forecast big bounce back
by
Colum Murphy, Hong Kong
—
last modified
May 17, 2010 10:28 AM
JAPAN’S top three shipping companies are expecting a rapid rebound in their results after a dismal performance last year when the trio suffered steep falls in earnings.
The outlook for the financial year ahead seems much rosier, with all carriers predicting profits.
Company executives were last week talking up planned cost savings worth a combined ¥87bn and reiterating expectations of significant profit recoveries for this fiscal year...
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