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SUMITOMO COAL BOOKS 1ST GROUP OPERATING PROFIT IN 4 YEARS.
TOKYO, June 1 Asia Pulse - The Sumitomo Coal Mining Co. (TSE: 1503) posted a consolidated operating profit of Y1.6 billion ($US13.47 million) for the year ended March, a turnaround from the previous year's 400 million yen loss and the first group operating profit in four years, the company reported Thursday.
Although group sales fell 1%, restructuring, including attrition and the closure of two retail outlets, contributed to the profit.
An extraordinary profit of 9.6 billion yen, including ...
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