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Toyo Engineering Swings to ¥4.47 Billion Half-Year Profit

Toyo Engineering Corp. reported net profit of ¥4.47 billion for the six months ended September 30, compared with a ¥3.00 billion loss a year earlier. Revenue edged down to ¥93.43 billion from ¥94.02 billion, while operating and pretax results also moved into profit.

Toyo Engineering Swings to ¥4.47 Billion Half-Year Profit

Operating profit was ¥2.49 billion, against a ¥4.23 billion loss in the year-earlier period. Pretax profit reached ¥5.90 billion, reversing a ¥1.90 billion loss.

Earnings per share were ¥76.31, compared with a loss of ¥51.28 per share a year earlier. The results are based on Japanese accounting standards.

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