Yusen Logistics posts half-year 24.7pc profit fall as revenues rise 5.5pc

JAPAN's Yusen Logistics has posted a 24.7 per cent year-on-year fall in net profit for the first half of its financial 2012 to JPY1.35 billion, drawn on revenues of JPY161.82 billion, up 5.5 per cent.

The company attributed the decline to the global economic slowdown and revised its forecast for the full year, ending March 2013, to a 13 per cent net profit drop to JPY2.2 billion.

Operating profit declined 51.3 per cent year on year in the first half of FY2012 to JPY1.24 billion.