Central Glass FY 2017/18 net profit down 72% y/y to USD28 million
Company announced medium-term plan that will guide its growth for next three fiscal years
Central Glass has reported 72.2% year-over-year (y/y) decline in net profit to JPY2.98 billion (USD28 million) for the financial year (FY) ended 31 March 2018 (FY 2017/18), the Japan-based glass and chemicals company said in a press release on 10 May. The company also witnessed 53.5% y/y decline in operating profit to JPY6 billion. Central Glass recorded full-year sales of JPY227.8 billion, down 0.5% y/y.
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