NEC maintains outlook as quarterly profit improves

Thursday 30 January 2014 | 14:14 CET | News
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NEC reported a strong increase in quarterly net profit, to JPY 11.1 billion for the three months to December versus JPY 3.5 billion a year earlier. The improvement was driven by gains on divestments and restructuring efforts, as revenues were still down 3.0 percent year-on-year to JPY 700.4 billion, largely due to the company's exit from the mobile phone business and certain components activities. Operating profit fell 1.1 percent to JPY 23.4 billion, while NEC managed positive free cash flow of JPY 0.8 billion. Revenues at its carrier equipment division were up 3.8 percent to JPY 72.7

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Categories: General
Companies: NEC
Countries: World
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