Japan’s Hitachi forecasts 40% profit rise March 15, 2012 - 15:05 AMT PanARMENIAN.Net - Japan’s second- largest manufacturer Hitachi raised its full-year profit forecast by 40 percent after proceeds from selling its hard-disk drive unit exceeded the company’s estimate, Bloomberg Businessweek reported. The company expects record net income of 280 billion yen ($3.3 billion) for the year ending March 31, compared with its previous estimate of 200 billion yen, Tokyo-based Hitachi said in a statement March 15. The new goal is 17 percent higher than the 238.9 billion yen profit it posted a year earlier. The maker of nuclear reactors, train cars and air- conditioners will post a 191 billion yen gain from the sale of its hard-disk drive unit to Western Digital Corp. (WDC), 81 billion yen more than estimated, the company said March 9. Sales and operating profit estimates remain the same.   Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion.   Partner news |  Latest news Viva sees growing demand for cloud services  In recent years, medical institutions are starting to make use of Viva’s cloud servicesTurkey replacing term "Central Asia" with "Turkestan" in textbooks The Turkish Ministry of Education is replacing the term "Central Asia" with "Turkestan" in textbooks.Armenian, German presidents meet in Berlin Armenian and German Presidents Vahagn Khachaturyan and Frank-Walter Steinmeier met in Berlin.Armenia assumes presidency of Mediterranean Network of Regulatory Authorities The Commission on Television and Radio of Armenia said it expects productive cooperation in various formats. |
