Komatsu’s First-Quarter Profit Falls 52% as Demand LanguishesBy
Net income declines to 15.6 billion yen; sales slide 13%
Equipment sales fall 16% in Latin America, 47% in Middle East
Komatsu Ltd., the Japanese maker of construction and mining machinery that last week offered to buy Joy Global Inc. for about $2.89 billion, said first-quarter profit fell 52 percent as demand languished in strategic markets such as the Middle East and Indonesia and the stronger yen crimped overseas revenue.
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