Trade Resources Economy Japan's Kobe Steel Launched Its Financial Result for The Fiscal Year 2012/13

Japan's Kobe Steel Launched Its Financial Result for The Fiscal Year 2012/13

Japan’s Kobe Steel launched its financial result for the fiscal year 2012/13 ended on March 31st.

The company posted a net loss of ¥27 billion for the fiscal year 2012/13, in comparison of a net loss of ¥14.24 billion in a year ago.

In the given period of time, Kobe Steel realized consolidated net sales revenues of ¥1.68 trillion, falling by 9.6% year on year, caused by decreased sales of steel products and lower steel prices.

In the fiscal year, the company’s sales of iron and steel segment decreased by 13.04% to ¥742.84 billion. 

Source: http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64203&division=A6
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Japan's Kobe Steel Posts Net Loss for FY2012/13
Topics: Metallurgy