Nsg - Summary Of Fy2011 Cumulative Quarter 2 Results (From 1 April 2010 To 30 September 2010)

Cumulative results reflect improved market conditions from the previous year's low levels: Cumulative Group revenues ¥ 294bn (Cumulative Q2 FY10: ¥ 293bn) and profit of ¥ 18.5bn (before amortization) (Cumulative Q2 FY10: ¥ 7bn loss); Sales up 8% at constant exchange rates; Building Products results reflect improved pricing in most regions, cost savings and better product mix; Revenue and profits in Automotive ahead of last year due to robust demand; Strong growth in Specialty Glass profitability from the consumer electronics sector; One-off benefits in the quarter include ¥ 4.8bn of insurance proceeds from Chile and North America; Quarter 2 markets stable, at levels similar to the first quarter; Full-year financial forecast maintained. Strengthening performance within joint ventures and associates; Most of the Group's joint ventures and associates' profits have improved compared to the same period last year; Cebrace (50% owned JV in Brazil Building Products) benefiting from strong market conditions and profitability; Improved performance in the Group's joint ventures and associates in China.

Author
Un-named
Origin
Unknown
Journal Title
Nsg Press Release 4 November 2010
Sector
Flat glass
Class
F 3035

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Nsg - Summary Of Fy2011 Cumulative Quarter 2 Results (From 1 April 2010 To 30 September 2010)
Nsg Press Release 4 November 2010
F 3035
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