Japan's Marubeni annual net profit up 7%, beats forecasts
TOKYO : Japanese trading house Marubeni on Friday posted 503 billion yen ($3.5 billion) in net profit for the year ended in March, up 7 per cent from a year ago and beating forecasts.
A LSEG poll of analysts had forecast Marubeni's fiscal year net profit at 498 billion yen. The company forecasts net profit for the year ending next March at 510 billion yen.
($1 = 145.4300 yen)
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