Asahi Glass Co. Ltd. recorded a net profit for last year of ¥20.5 billion ($171.2 million) on turnover of ¥1.35 trillion ($11.3 billion), which compares with a net profit a year earlier of ¥19 billion ($158.6 million) on turnover of ¥1.32 trillion ($11 billion). Asahi said that shipments of LCD glass substrates and specialty glass for display applications increased from the previous fiscal year, though their sales prices were down. Shipments of plasma display panel products decreased significantly as major customers ceased display panel production.
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