Forecast orders for the entire year are at JPY250bn, only JPY12bn down on 2011. In its presentation, MHI attributes this to large cruise and LNG carrier orders in the period last year, current intensifying sales activities and outstanding negotiations for LNG carriers and domestic vessels as well as a focus on engineering business for the last quarter.
Operating losses to Q3 are down from 2011's JPY2.2bn to JPY0.8bn for 2012.
Commenting on the revision of the forecast for group's operating income for 2012 from JYP130bn to JPY145bn, MHI attributed the upwards movement to shifts in exchange rates compared with assumptions made in previous forecasts, a situation that also helped Kawasaki Kisen Kaisha return stronger looking results just last week.
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