MOL UPGRADES RESULTS FORECASTS
Mitsui O.S.K. Lines has revised its first half and fiscal year financial forecasts due to better-than-expected financial results and significant progress on the line's three-year management plan.
For the six-month period ending Sept. 30, MOL's projected consolidated net income of 4 billion yen ($3.7 million), a 300-percent increase over its original forecast. Projected revenues were scaled back 1.1 percent to 435 billion yen ($4.0 billion).
For the fiscal year ending March 31, net income projections were raised 200 percent to 6 billion yen ($55.6 million), compared to 8.3 billion yen for the previous fiscal year. Projected revenues remained at 880 billion yen for fiscal year 2000, compared with 881.8 billion yen in fiscal 1999.
MOL UPGRADES RESULTS FORECASTS
