Sumitomo Corp. expects 1st net loss in 16 years for FY 2014

Sumitomo Corp. expects 1st net loss in 16 years for FY 2014

Sumitomo Corp. President Kuniharu Nakamura tells a press conference in Tokyo on March 25, 2015, the trading giant is expecting a group net loss of 85 billion yen ($710 million) in fiscal 2014, the first net loss in 16 years, due chiefly to failed energy development projects in the United States, Brazil and elsewhere. (Kyodo) ==Kyodo

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  • 2015/3/25 20:23:36
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