Yamato upgrades profit forecast as higher prices propel earnings recovery

YAMATO HOLDINGS

30/01/2018 06:30

TOKYO, Jan 30 (Reuters) - Yamato Holdings Co Ltd  9064.T , 
Japan's biggest parcel delivery firm, raised its forecast for 
its annual operating profit to 31 billion yen ($285.14 million) 
from 25 billion yen previously as higher delivery prices helped 
it return to profit in the third quarter.  
    Yamato posted a 21.3 percent rise in third-quarter operating 
profit to around 45 billion yen, calculations based on the 
company's results for the first nine months of the fiscal year 
showed. 
    ($1 = 108.7200 yen) 
 
 (Reporting by Sam Nussey; Editing by Jacqueline Wong) 
 ((Ritsuko.Ando@reuters.com; +81 3 6441 1743; Reuters Messaging: 
ritsuko.ando.thomsonreuters.com@reuters.net)) 
 
Keywords: YAMATO HOLDINGS RESULTS/