Komatsu Q2 Sales Dip 19%

October 28, 2015

Komatsu reported a 19 percent decline in second-quarter revenue due to slump in mining sales. Net income fell to $271 million (32.6 billion yen) from a revised $33.2 million (40.3 billion yen) in the same period last year.

Komatsu stated that full-year net income will likely fall 10 percent to 138 billion yen, while operating profit is likely to slip 8.7 percent to 221 billion yen.