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· Japan
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· JTI
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Jump to full article: Agence France Presse (AFP) (fr), 2008-07-31
Intro: Japan Tobacco Inc. said Thursday its net profits dived 73 percent in the fiscal first quarter due to foreign exchange related losses and weak domestic sales.
Net profit dropped to 16.9 billion yen (157 million dollars) in the three months to June from 63.1 billion a year earlier, despite a 41 percent surge in revenue to 1.72 trillion yen after the takeover of British rival Gallaher.
Operating profit gained 18 percent to 110.45 billion yen.
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