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JAPAN'S RENOWN TO RECORD NARROWER LOSS FOR FY02 H1.
TOKYO, Aug 1 Asia Pulse - Renown Inc. (TSE:8021) says it will likely record a consolidated operating loss of around 500 million yen (US$4.17 million) for the fiscal half ended Wednesday, narrower than the year-earlier loss of 3 billion yen and the previously predicted loss of 700 million yen.
Sales declined as a result of the termination of unprofitable operations, but the company's gross profit margin improved. Personnel reductions also contributed to the better results.
On a consolidated pretax basis, the ...
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Source: HighBeam Research, JAPAN'S RENOWN TO RECORD NARROWER LOSS FOR FY02 H1.