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JAPAN'S MAJOR CONTRACTORS SEE DROP IN FY01 GROUP OP PROFITS.
TOKYO, Dec 3 Asia Pulse - Fourteen of the 17 major general contractors are forecasting a drop in their group operating profits in fiscal 2001.
Thirteen firms foresee a decline in consolidated sales since both the public and private sectors are likely to cut back on construction spending. Parent-only gross profit margins for completed projects are also expected to fall at 14 contractors.
In the fiscal first half, 11 of the 17 contractors suffered net losses due to the decline in gross profit ...
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Source: HighBeam Research, JAPAN'S MAJOR CONTRACTORS SEE DROP IN FY01 GROUP OP PROFITS.