Globeride Sees Single-Digit Gain in Dec. Quarter
Net income was up 5% in the fiscal third quarter ended Dec. 31 to ¥2,282 million ($20.1 mm) from ¥2,175 million, as revenues increased 8% to ¥28,964 million ($254.7 mm) from ¥26,858 million at the Daiwa fishing and golf parent. Americas sales dipped 6% to ¥2,348 million ($20.7 mm), but higher logistics costs hurt operating profit here. Europe was also down, falling 9% to ¥2,720 million. The home Japan ... Log in to view full article.