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(Update) Mitsubishi Tokyo FG Doubles Profit Estimate for FY '03.
(From Jiji)
Tokyo, Sept. 30 (Jiji Press)--Mitsubishi Tokyo Financial Group Inc. said Tuesday it has revised up its group net profit estimate for the year to March 2004 to 380 billion yen from 190 billion yen, citing a decrease in bad loan disposal costs.
The group raised its recurring profit estimate for the year to 490 billion yen from 370 billion yen.
For the fiscal first half ending Tuesday, the major Japanese banking group now expects to log a net profit of 270 billion yen, sharply up from the previous estimate of 70 billion yen. The recurring profit estimate was lifted to 250 billion yen from 150 billion yen.
MTFG attributed the upward …
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