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NEC Result 05/11/2014

NEC Corporation returned to profit in the second quarter of its current fiscal year, reporting a net profit of ¥22.6 billion ($196.6 million), which compares with a net loss in the same period a year earlier of ¥4.7 billion ($40.9 million), while turnover declined 2.3% to ¥726.1 billion ($6.3 billion) from ¥743 billion ($6.5 billion). NEC’s net profit in the first half of the year reached ¥12.5 billion ($108.7 million) on turnover of ¥1.32 trillion ($11.5 billion), which compares with a net loss in the first six months of last year of ¥26.2 billion ($227.9 million) on turnover of ¥1.38 trillion ($12 billion).