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CW Gulf Magazine | Komatsu reports decline in profits

Komatsu reports decline in profits

Hitachi drops in revenue
Dammam to host show

Equipment Update  /  Jul 2013

Komatsu has reported a 5.9 per cent fall in operating profit for the first quarter resulting to $ 535 mn. Revenues also fell by 3 per cent year-on-year for the same quarter $ 4.6 bn. While the company states that the sales of construction has increased in Japan and Middle East, it reports a significant decline in demand for construction and mining equipment in Indonesia and low demand for mining equipment in Latin America. The financial performance for the next fiscal year largely depends on the expected demand for equipment in Japan and North America.

Contact: Komatsu.
Tel: +91-44-2715-5000.
Website: www.komatsuindia.in

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