Kajima net profit doubles in fiscal Q1

By Chris Sleight07 August 2008

Kajima, Japan's largest contractor saw its net profit for the first quarter of the fiscal year rise +110% to JPY 6.5 billion (US$ 60 million) compared to the same period last year. The company's revenues were up +22.2% to JPY 412 billion (US$ 3.78 billion) for the three months to the end of June.

The company is maintaining its previous forecasts for the rest of the fiscal year, which ends on March 31, 2009. Revenues for the full year are expected to be JPY 1890 billion (US$ 17.3 billion), level with its performance last year.

Kajima was ranked 14th in this year's International Construction league table of the world's 200 largest construction companies. Although this made it the largest Japanese contractor in the rankings, the previous year it was in 8th position - a fall of six places.

Latest News
Diamond Scaffold Services retains merger-and-acquisition specialist for its sale
Southern scaffolder with a seasoned management team and solid workforce plans a sale to properly capitalize the business to continue its growth strategy
Webuild has US$12 billion Australian order backlog after acquisition
Deal means that WeBuild take on staff and order backlog from Australian engineering and construction company
Weak housing demand prompts turnaround plan for Skanska and Ikea’s modular homes arm
Weakening demand for affordable housing has prompted Skanska to launch a turnaround plan for its modular homes arm BoKlok, which it runs in partnership with Ikea.