Univance’s net income dips 71.9% y/y to USD4.4m in FY2013

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Financial results

Decline in Japanese vehicle sales in second half hits company’s performance

Univance’s net income fell 71.9% year-on-year to JPY416m (USD4.4m, 31 March 2013) in the financial year ended 31 March 2013 compared with JPY1.5bn (USD18.1m, 31 March 2012) a year ago, the company said in a press release.

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