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Showa Shinku Posts ¥211 Million First-Half Net Loss

Showa Shinku Co. reported a net loss of ¥211 million for the six months ended September 30, compared with net profit of ¥91 million in the same period a year earlier, under Japanese accounting standards.

Showa Shinku Posts ¥211 Million First-Half Net Loss

Revenue fell to ¥2.37 billion from ¥3.70 billion. The company recorded an operating loss of ¥218 million, versus operating profit of ¥129 million a year earlier, and a pretax loss of ¥216 million, compared with pretax profit of ¥151 million.

Earnings per share were a loss of ¥34.28, against earnings of ¥14.89 in the year-earlier period. Figures in parentheses in the reported results denote losses.

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