April 19, 2014     Japanese 
  JCN 
	  Network - Home
JCN Newswire
  Home  |  Companies  | Annual Reports  |  CSR  | News Alerts     
 
Share:
Kawasaki Kisen Ups Revenue Forecast on Rosy Container Ship Business
 

Tokyo, July 25, 2008 (Jiji Press) - Major shipping company Kawasaki Kisen Kaisha Ltd. <9107> said Friday it has raised its group revenue forecast for fiscal 2008 to next March due to the strength of its mainline container ship operations.

The revenue estimate now stands at 1.4 trillion yen, up from the earlier projection of 1.34 trillion yen. The revised figure is up 5.2 pct from the fiscal 2007 revenue.

In the container vessel operations, demand for Europe- and Latin America-bound shipping services are faring well, more than offsetting a slump in North America-bound services, Kawasaki Kisen said.

With the robust container ship business seen absorbing the negative impact of soaring fuel costs, the firm kept its fiscal 2008 group profit forecasts unchanged. Operating profit is estimated at 124 billion yen, down 4.4 pct from fiscal 2007, and net profit is projected at 78 billion yen, down 6.0 pct.

For the April-June first quarter, Kawasaki Kisen reported a group revenue of 349,489 million yen, up 13.0 pct year on year. Operating profit fell 0.5 pct to 32,146 million yen while net profit was down 16.6 pct at 21,531 million yen.

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  KLINE News  
  CKYH Alliance to Cancel 7 Voyage Plans During Winter  (Nov 29, 2012)
  Four Japanese Partners Deliver Ultra-Deepwater Drillship to Petrobras  (May 17, 2012)
  CKYH-the Green Alliance to Expand Cooperation with Evergreen  (Dec 27, 2011)
  K Line Issues Social and Environmental Report 2010  (Aug 13, 2010)
  "K" Line Implements Share Transfer with Air Tiger Express Companies  (June 16, 2010)
  "K" Line to Invest in Zhejiang Eastern Shipyard Co.  (Nov 6, 2009)
  "K"Line Strikes Long-Term Iron Ore Transport Agreement with Anshan Iron Steel Group  (Sept 2, 2009)
  Kawasaki Kisen Kaisha, Ltd. Delivery of 154,800m3 LNG Carrier 'TANGGUH FOJA' for TANGGUH Production Sharing Contractors  (Nov 26, 2008)
  "K" Line to Invest in Titan Quanzhou Shipyard Ltd.  (Aug 5, 2008)
  Kawasaki Kisen Ups Revenue Forecast on Rosy Container Ship Business  (July 25, 2008)



 Recent  Shipping & Transportation News   
JAL and S7 Airlines Expand Codeshare Cooperation (Mar 12, 2014)
Ichthys LNG Project Secures New Shipping Vessels (June 4, 2013)
JAL, ANA World's Best in Separate FlightStats Awards Categories (Feb 19, 2013)
MOL Cape Inks Long-term Iron Ore Transport Deal with Rio Tinto (Feb 18, 2013)
ANA Wins ATW's 'Airline of the Year' Award (Feb 14, 2013)
Mitsui O.S.K. Lines to Install Ballast Water Treatment System on VLCC (Jan 10, 2013)
CKYH Alliance to Cancel 7 Voyage Plans During Winter (Nov 29, 2012)
MOL Earns CMS Certification from DNV (Nov 28, 2012)
NYK Energy Transport Marks a Decade of Operations (Nov 28, 2012)
ANA Orders an Additional Eleven Boeing 787s (Sept 21, 2012)

More Shipping & Transportation news...
 
CSR Report Download
Annual Reports

  More >>    
Most Popular


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