Tuesday, April 24, 2007

Nikko Q4 net profit jumps 38 percent on tax change

(Reuters) - The result was in line with an estimate of annual earnings published by Nikko on March 22, which implied quarterly net profit of 26.55 billion yen.

Nikko's quarterly operating profit, which was not affected by the tax change, fell 36 percent to 21.69 billion yen, reflecting damage to Nikko's business from an accounting scandal as well as a sector-wide underwriting slowdown.


Read more at Reuters.com Market News

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