NEC has revealed it is expecting a better H1 performance than predicted after revising its forecasts up for the first six months of 2013.
The Tokyo-based firm's previous forecast was for turnover of 1,400bn yen for the six months ended 31 March 2013, with operating profit of 1bn yen and a net loss of 24bn yen.
But the new forecast is for turnover of 1,488bn yen, with a significantly higher operating profit of 47bn yen and net profit of 8bn yen.
In a statement the firm said: “NEC forecasts operating income of 46bn yen more than the previous forecast, mainly due to the improvement in the IT solutions business and carrier network business as a result of increased sales, the execution of structural reforms and the promotion of cost efficiencies, as well as the improvements in others by the sale of LCD-related patents.
“NEC also forecasts ordinary income of 30bn yen, 46bn yen more than the previous forecast, mainly due to improved operating income... [and] net income of 8bn yen, 32bn yen more than the previous forecast, mainly due to improved ordinary income."
NEC’s full H1 results are due out on 26 October.
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