Daiwa Parent Sees Sales and Net Expand
Globeride’s comprehensive net income surged 80% for the fiscal year ended Mar. 31 to ¥4,259 million ($39.3 mm) from ¥ 2,365 million on revenues that increased 8% to ¥85,785 million ($791.7 mm) from ¥79,142 million. Excluding a large unrealized gain on available-for-sale securities and other comprehensive items, profit was up 14% to ¥2,497 million ($23.0 mm) from ¥2,184 million. Gross margin ... Log in to view full article.