Japan's Kobe Steel has reported that its first-half net profit attributable to the company was JPY 28.01 billion, down 19% YoY from last year's JPY 34.52 billion. Operating income was JPY 19.77 billion, 57.8% lower than JPY 46.81 billion in the prior year. Meanwhile, net sales grew 20.3% to JPY 1.71 trillion from JPY 972.18 billion Looking ahead for fiscal 2022, the company now expects net profit attributable to the company of JPY 45 billion, down 25% YoY. The company previously expected net profit attributable to the company of JPY 60 billion.
Japan's Kobe Steel has reported that its first-half net profit attributable to the company was JPY 28.01 billion, down 19% YoY from last year's JPY 34.52 billion. Operating income was JPY 19.77 billion, 57.8% lower than JPY 46.81 billion in the prior year. Meanwhile, net sales grew 20.3% to JPY 1.71 trillion from JPY 972.18 billion Looking ahead for fiscal 2022, the company now expects net profit attributable to the company of JPY 45 billion, down 25% YoY. The company previously expected net profit attributable to the company of JPY 60 billion.
