Ajinomoto falls into red in 1st half+.TOKYO, Nov. 27 Kyodo Ajinomoto Ajinomoto Co., Inc. (味の素株式会社 Co. said Monday Monday: see week. it posted an unconsolidated net loss of 21.66 billion yen in the first half of fiscal 2000, a sharp reversal from a net profit of 5.65 billion yen a year earlier. The leading foodstuff maker attributed the fall to extraordinary losses resulting from accounting changes in retirement benefits and from liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy of its subsidiaries. Ajinomoto said it posted an operating profit Operating profit (or loss) Revenue from a firm's regular activities less costs and expenses and before income deductions. operating profit See operating income. of 5.62 billion yen in the six months to Sept. 30, down 35.7% from a year earlier, and a pretax pre·tax adj. Existing before tax deductions: pretax income. pretax adj [profit] → vor (Abzug der) Steuern profit of 10.75 billion yen, down 6.9%, on sales of 317.83 billion yen, up 0.7%. The company will pay an interim dividend of 5.0 yen, unchanged from a year earlier. For the full year ending March 31 2001, Ajinomoto is forecasting a net loss of 13 billion yen and a pretax profit of 24 billion yen on sales of 620 billion yen. In fiscal 1999, ended March 31 this year, the company logged a net profit of 14.30 billion yen and a pretax profit of 27.64 billion yen on sales of 614.45 billion yen. |
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