JAPAN: Textiles Giant Teijin Raises 2002 Outlook
Japanese textiles and chemical giant Teijin Ltd today raised its forecast for fiscal 2002 and said it is targeting a group net profit of seven billion yen amid strong sales and lower costs. The group had earlier forecast a break-even situation for 2002 but now sees operating profit up 21 per cent to 34 billion yen and group sales up 3.3 per cent at 950 billion yen.
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