Hitachi profits up a third, full-year sales rise forecast

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AFP, Tokyo :
Hitachi said Wednesday its net profit surged 37.4 percent to $1.5 billion for the nine months to December, while it upgraded its full-year sales forecast.
The vast conglomerate said it had made 174.9 billion yen during the period, up from 127.3 billion yen a year earlier. It pointed to a strong performance in its information technology as well as its elevator and train system divisions.
Operating profit rose 9.0 percent to 322.2 billion yen “with all segments recording higher profits than the same period last year, with the exception of the power systems and construction machinery segments”, Hitachi said.
Sales inched up 0.6 percent to 6.8 trillion yen for the nine months, said the company which sells everything from batteries to nuclear plants.
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