Komatsu’s Profit Falls 15% Amid Growth Slowdown in China

Bloomberg said that Komatsu reported a 15% decline in Q1/14 profit after slower economic growth in China cooled the construction market and undermined the appetite of mining companies to invest in resource-rich nations.

According to Bloomberg calculations based on full-year results, net income fell to 37.5 billion yen ($315 million) for Q1/14 from 44.1 billion yen ($370.7 million) a year earlier.

To read the full Bloomberg report click here

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