August 30, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
Asahi Glass Logs Double-Digit Rise in Operating Profit
 

Tokyo, Aug 5, 2008 (Jiji Press) - Asahi Glass Co. <5201> Tuesday reported a double-digit rise in its group operating profit for January-June as the company was able to offset soaring materials and fuel prices with its cost reduction efforts.

Operating profit increased 21.4 pct from a year earlier to 109,577 million yen on sales of 774,134 million yen, down 4.0 pct.

The company's glass division saw operating profit halve amid surging costs and sluggish sales in North America. By contrast, the electronics and display division posted a 77.6 pct jump in operating profit.

Group recurring profit ended up with a small gain of 1.0 pct to 95,747 million yen on the back of foreign exchange losses involving yen-denominated debt at a South Korean subsidiary.

Net profit fell 9.2 pct to 48,017 million yen because the company posted structural improvement costs for its North American flat glass operations.

Asahi Glass kept unchanged its earnings estimates for the full year ending in December.

By Jiji Press, (c) Jiji Press

Copyright © 2014 JCN. All rights reserved. A division of Japan Corporate News Network KK.


 Company Profile |   Print  |   Alerts
ACN Newswire

 Recent  Asahi Glass  News  
  AGC to Reduce its Annual CO2 Emissions by 6X through Energy-Saving Products  (July 12, 2014)
  AGC's Light Control Pair Glass Used on 'Gauge Changeable' Test Train  (Apr 23, 2014)
  AGC Develops New Refrigerant for Air-conditioning with One-sixth the Environmental Impact  (Mar 20, 2014)
  AGC Enhances Production Capacity of Ultra-Thin Glass in Thailand by 50%  (Feb 4, 2014)
  AGC Expands Plant for Caustic Soda and Vinyl Chloride in Indonesia  (Aug 6, 2013)
  AGC's FluonETFE Film Used in Recife Football Stadium in Brazil  (June 7, 2013)
  AGC Invests in Triton Microtechnologies  (Mar 12, 2013)
  Asahi Glass 'Dragontrail' for Efficient Production of Thinner Touchscreens  (Feb 21, 2013)
  AGC Ecoglass Filters Out 75% of Solar Heat  (Oct 26, 2012)
  AGC to Provide Sensor Modules with World's Smallest Micro-vibration Power Generator  (July 12, 2012)


 
CSR Report Download
Annual Reports

  More >>    
Most Popular


About JCN | Privacy Policy | Terms of Use | JCN Network (日本語)