Finland's Wireless Fast Track Thanks in large measure to mobile handset pacesetter Nokia, this small nation, about the size of Montana with a population of some 5 million people, is where the rest of the world looks for wireless guidance. But so far no one is willing to put it together. Printer friendly version.
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The major consumer electronics maker blamed the decline on lower gains from share sales and restructuring costs. The plunge in net profit was partly due to the inclusion in the previous year of a one-time gain from the sale of shares in its German electronics joint venture Epcos AG, a Matsushita official said. In the latest year, the company had to spend 100.2 billion yen on business restructuring and an early retirement scheme, he said. For the year to March 2002, the company is forecasting a pre-tax profit of 133 billion yen on revenue of 7.55 trillion yen, with net profit estimated at 57 billion yen. All rights reserved.