Daily News

View All News

Meitec Net Sales Rise 9%

February 08 2012

Meitec Corporation, a Japan-based provider of engineering staffing and solutions, reported net sales rose 8.5 percent to ¥49.03 billion (US$633.4 million) in the first nine months of its fiscal year from ¥45.20 billion in the same period in the previous year. Meitec’s fiscal year ends March 31, 2012, and the first nine months of its fiscal year ended Dec. 31, 2011.

Temporary staffing net sales rose 9.0 percent to ¥46.80 billion ($US604.6 million) in the first nine months of the fiscal year. Net sales for Meitec’s engineering solutions business fell 4.4 percent to ¥2.15 billion (US$27.7 million)

Gross margin rose to 25.8 percent in the first nine months of the year from 20.0 percent in the year-ago period.

Meitec posted  net income of ¥1.97 billion (US$25.5 million) in the first nine months of the year, a 20.5 percent decrease compared to the same period last year.

For the full fiscal year ending March 31, 2012, Meitec forecasts net sales of ¥66,00 billion.

Meitec Corp.
For the first nine months of its fiscal year ending Dec. 31, 2011, compared with the same period in the previous fiscal year.
Net sales: ¥49,03 billion (US$633.4 million), +8.5 percent
Net income: ¥1.97 billion (US$25.5 million), -20.5 percent

Comments

Add New Comment

Post comment

NOTE: Links will not be clickable.
Security text:*