Mixed bag for Maruha Nichiro's 3Q
Maruha Nichiro's 3Q results show positives and negatives for the Japan-based fishing company, with sales up but net income down compared to the previous year.
According to the company's latest quarterly report, sales in the third quarter, which ended in December 2013, totaled JPY 658.5 billion (USD 6.4 billion, EUR 4.7 billion), which is up 5.8 percent over last year.
Ordinary income is also up, totaling JPY 15.2 billion (USD 149.5 billion, EUR 110.7 billion), an increase of 11 percent over the previous year. Net income, however, was down, totaling JPY 6.2 billion (USD 60.4 billion, EUR 44.7 billion), a difference of 38.9 percent compared to the previous 3Q report.