KTM_Paul
07-11-2009, 11:30 AM
From todays SMH
Yamaha Motor posts $A1.99b loss
November 7, 2009 - 11:09AM .
AFP
Japan's Yamaha Motor Co announced on Wednesday a net loss of about $US1.8 billion ($A1.99 billion) for the nine months to September due to sluggish motorcycle sales, a stronger yen and restructuring costs.
The company posted a net loss of Y158.76 billion ($A1.94 billion) for the first three quarters of 2009, against a year-earlier profit of Y43.15 billion ($A528.18 million).
It booked an operating loss of Y44.97 billion ($A550.46 million), against a profit of Y64.08 billion ($A784.38 million) in the same period of the previous year. Revenue plunged 33.1 per cent to Y858.51 billion ($A10.51 billion).
The bottom line was hit by a one-off loss of Y73.5 billion ($A899.69 million) due to restructuring costs such as asset impairment charges and early retirements.
Sales at Yamaha's mainstay motorcycle business dropped 26.6 per cent due to weak demand in Europe, the United States and Brazil, which offset solid sales in Asia, the company said.
For its full business year through December, Yamaha maintained its forecasts for a net loss of Y182 billion ($A2.23 billion), an operating loss of Y87 billion ($A1.06 billion) and revenue of Y1.1 trillion ($A13.46 billion).
Yamaha had been enjoying record sales until the economic crisis hit demand for its products, which also include boat engines and all-terrain vehicles.
Yamaha Motor posts $A1.99b loss
November 7, 2009 - 11:09AM .
AFP
Japan's Yamaha Motor Co announced on Wednesday a net loss of about $US1.8 billion ($A1.99 billion) for the nine months to September due to sluggish motorcycle sales, a stronger yen and restructuring costs.
The company posted a net loss of Y158.76 billion ($A1.94 billion) for the first three quarters of 2009, against a year-earlier profit of Y43.15 billion ($A528.18 million).
It booked an operating loss of Y44.97 billion ($A550.46 million), against a profit of Y64.08 billion ($A784.38 million) in the same period of the previous year. Revenue plunged 33.1 per cent to Y858.51 billion ($A10.51 billion).
The bottom line was hit by a one-off loss of Y73.5 billion ($A899.69 million) due to restructuring costs such as asset impairment charges and early retirements.
Sales at Yamaha's mainstay motorcycle business dropped 26.6 per cent due to weak demand in Europe, the United States and Brazil, which offset solid sales in Asia, the company said.
For its full business year through December, Yamaha maintained its forecasts for a net loss of Y182 billion ($A2.23 billion), an operating loss of Y87 billion ($A1.06 billion) and revenue of Y1.1 trillion ($A13.46 billion).
Yamaha had been enjoying record sales until the economic crisis hit demand for its products, which also include boat engines and all-terrain vehicles.