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Marubeni Slashes Forecast on Crude Fall
2015-01-26 12:34:35| Food - Topix.net
Marubeni Corp. on Monday cut its net profit projection in half for the current fiscal year as falling prices of crude oil and other commodities forced the company to book steep impairment losses. The major Japanese trading house cited a A 95 billion write-down in oil and gas assets as weighing on its profits.
Tags: fall
forecast
crude
slashes
Marubeni Slashes Forecast on Crude Fall
2015-01-26 11:21:35| Chemicals - Topix.net
Marubeni Corp. on Monday cut its net profit projection in half for the current fiscal year as falling prices of crude oil and other commodities forced the company to book steep impairment losses. The major Japanese trading house cited a A 95 billion write-down in oil and gas assets as weighing on its profits.
Tags: fall
forecast
crude
slashes
Marubeni expects $1bn writedown on losses
2015-01-26 10:21:38| Chemicals - Topix.net
Marubeni Corporation expects to write down $1 billion on the value of energy and commodity assets after the plunge in crude oil prices and a failure to meet targets at its Gavilon Holdings LLC grain unit. The Tokyo-based trading company halved its forecast for net income this year to 110 billion yen after recording about 95 billion yen in writedowns on oil and gas assets, including in the North Sea, and about 50 billion yen on US grain merchant Gavilon, bought for $2.7 billion in 2013 as Marubeni's largest-ever acquisition.
Tags: losses
expects
1bn
marubeni
Marubeni expects $1bn writedown on losses
2015-01-26 10:01:49| Grocery - Topix.net
Marubeni Corporation expects to write down $1 billion on the value of energy and commodity assets after the plunge in crude oil prices and a failure to meet targets at its Gavilon Holdings LLC grain unit. The Tokyo-based trading company halved its forecast for net income this year to 110 billion yen after recording about 95 billion yen in writedowns on oil and gas assets, including in the North Sea, and about 50 billion yen on US grain merchant Gavilon, bought for $2.7 billion in 2013 as Marubeni's largest-ever acquisition.
Tags: losses
expects
1bn
marubeni
Marubeni to be exclusive distributor in Asia for EnerG2 engineered carbon materials for energy storage
2014-12-05 19:55:32| Green Car Congress
Tags: energy
materials
storage
asia
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