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09 Nov
09:25

JFE raises forecasts after strong quarter

Tokyo-headquartered steelmaker JFE Holdings achieved a huge improvement in its financial performance in the first half of its 2021 fiscal year (FY21), and has raised its annual profit forecasts, Kallanish notes from its half-year financial results announcement. In H1 FY21 – April-September 2021 – the company saw a year-on-year increase of 30.2% in its revenue to JPY 1.94 trillion ($17.2 billion). Profits attributable to owners came to JPY 140…
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