Sumitomo Electric’s Q1 net sales falls 31.1% y/y to USD4.8 billion

News
Financial results

Company posted a loss of JPY41.50 billion (USD387 million) compared with a profit of JPY6.51 billion a year earlier

Sumimoto Electric has reported a 31.1% y/y drop in first quarter net sales at JPY515.26 billion (USD4.8 billion), a company press release on 31 July.

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