Aisan Industry’s FY2018/19 net profit up 35.3% y/y to USD55.2 million
Company expects decline in sales and net profit in FY2019/20
Aisan Industry’s net profit increased 35.3% year-over-year (y/y) to JPY6.1 billion (USD55.2 million) in the financial year ended 31 March 2019, the Japan-based powertrain components supplier said in a press release. Net sales improved slightly by 0.5% y/y to JPY213.5 billion. Despite improved sales, Aisan recorded 12.7% y/y decline in operating income to JPY8.2 billion.
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