Aisin Seiki’s Q1 net profit up 92.8% y/y to USD407.5 million
Company revises first-half financial outlook in response to recent strengthening of yen against US dollar and euro
Aisin Seiki’s net profit jumped 92.8% year-over-year (y/y) to JPY41.8 billion (USD407.5 million) in the first quarter ended 30 June 2016, driven primarily by an 8.8% y/y increase in revenue to JPY838.7 billion (USD8.2 billion), the Japanese supplier said in a press release.
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