IHI Books 17 Billion Yen in Forex Losses for Fiscal H1

MT Newswires Live11-07

IHI (TYO:7013) recorded foreign exchange losses of 16.9 billion yen due to currency fluctuations from April 1 to Sept. 30, according to its filing on Wednesday.

These losses were included in the consolidated financial report for the six months ended Sept. 30, said the filing.

In a separate filing, the heavy industry manufacturer reported an attributable profit of 39.3 billion yen in the fiscal first half ended Sept. 30, from a loss of 137.6 billion yen a year ago as recovering revenue and significant growth in civil aero engine sales more than offset forex losses.

Earnings per share rose to 259.69 yen from a loss per share of 909.25 yen a year ago, according to a Wednesday filing.

Revenue rose 61.1% to 757.5 billion yen from 470.3 billion yen a year earlier.

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