Nippon Steel Posts Q4 Profit
Nippon Steel Corp (OTC: NISTY) swung to a net profit for the fiscal fourth quarter.
Nippon Steel posted a quarterly net profit of Y59.7 billion, versus a year-ago loss of Y11.2 billion. Its revenue fell 5.8% to Y1.021 trillion from Y1.085 trillion.
Nippon Steel posted an operating loss of Y2.7 billion, versus a year-ago profit of Y13.5 billion.
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