JAPAN: Kirin sees H1 operating profit up 12%
The company said that the accounts had not been finalised but said that a cost-cutting programme had allowed it to exceed its earlier operating profit forecast of Y36 billion.
However, the brewer added that weak sales may impact negatively on operating profit in the second half, preventing it from achieving its target of Y100 billion for the full fiscal year.
"Even if you cut costs, there is a limit," a Kirin spokesman said. "In the worst case, we might see operating profit fall by as much as 10%."
Kirin, Japan's second largest brewer after Asahi, is to publish its first-half results officially on August 8.
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