Poor Sales Hurt Shimano In First Half

2009-08-11T00:00:00

Consolidated revenues were down by 22 percent to ¥90,057 million (€653.1m-$926.0m) for the half ended June 30, and the gross profit margin dropped by 2.7 percentage points to 33.1 percent. Net income plunged by 48 percent to ¥6,565 million (€47.6m-$67.5m). Shimano said the culprits were the global recession and the ...

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