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NEC Electronics warns of bigger loss for year to March amid restructuring


Published : Thu, 22 Feb 2007 07:28
By : Agencies
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TOKYO (XFN-ASIA) - NEC Electronics Corp said it now expects to post a net loss of 45 bln yen, much bigger than the 25 bln yen loss seen previously, as the semiconductor manufacturer vowed to launch more restructuring measures.

The company gave the following revised forecasts for the current fiscal year ending March 31,

compared with previous projections:

Revenue - 690 bln yen vs 695 bln

Operating loss - 30 bln yen vs loss 7 bln

Pretax loss - 39 bln yen vs loss 19 bln

Net loss - 45 bln yen vs loss 25 bln

(1 usd = 120.98 yen)

yasuhiko.seki@xfn.com

ys/mas

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