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NET PROFIT FOR JAPAN'S FUJI GROUP FALLS 40% IN FY02.

AsiaPulse News

| May 01, 2003 | COPYRIGHT 2003 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

TOKYO, May 1 Asia Pulse - Fuji Photo Film Co. (TSE:4901) said Wednesday that its consolidated net profit dropped 40 per cent on the year to 48.5 billion yen (US$408 million) for the fiscal year ended March 31.

The protracted stock market slump increased expenses stemming from dissolving the company's employee pension fund and expanded valuation losses on its shareholdings.

Group sales rose 4 per cent to 2.5 trillion yen, while operating profit declined 5 per cent to 160.2 billion yen. Group pretax profit dropped 25 ...

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