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To: John Hunt who wrote (23375)	11/25/1998 5:38:00 AM
From: John Hunt	Read Replies (1) \| Respond to of 116982

Japan '98/99 H1 corporate profits fall 77.9% biz.yahoo.com << Major Japanese firms listed on the Tokyo Stock Exchange's first section suffered a 77.9 percent year-on-year drop in their net profits in the six months to September 1998, a research institute reported on Wednesday. Wako Research Institute of Economics said the latest drop compared with a 52.0 percent slippage in corporate net profits in the full year to March 1998. The figures were based on a survey of 808 firms -- excluding banks, securities houses and insurers, recently merged firms and those with irregular reporting periods or no interim dividend payments -- that had reported their half-year results by Wednesday. Wako also said first-half 1998/99 sales fell 8.2 percent from the previous year, after a 3.7 percent drop in the full 1997/98 year. First-half 1998/99 current profit fell 25.0 percent from the previous year, against a 16.5 percent fall in 1997/98, Wako said. >>