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JAPAN'S IWATSU PROJECTS US$6.7 MLN GROUP NET LOSS FOR SEPT QTR.
TOKYO, Sept 2 Asia Pulse - Iwatsu Electric Co. (TSE:6704) said Friday it is likely to post a consolidated net loss of 800 million yen (US$6.74 million) for the six months through September, compared with a 43 million yen profit a year earlier.
Although the company earlier projected it would break even on a net basis, it has seen sales decline at the measuring instrument division and been hit by weaker earnings at three production subsidiaries in Japan and overseas.
Sales are expected to drop 8 per cent to 22.1 billion yen, falling short of their target by 700 million yen. The company's industrial ...
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