Kawasaki Kisen Kaisha Net Profit Nearly Doubles in First Half

Revenue for the Japanese shipping firm rose to 602.02 billion yen, up from 500.57 billion yen a year earlier. Operating profit also saw a steady increase, reaching 51.23 billion yen compared to 42.96 billion yen in the previous half-year. The company’s pretax profit showed the most dramatic growth, doubling to 118.40 billion yen from 59.67 billion yen. Consequently, earnings per share reached 203.63 yen, a substantial rise over the 108.61 yen reported in the prior year. These results were prepared in accordance with Japanese accounting standards.