Hitachi boosts H1 profit forecast to $2.2 billion

Reuters News
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Posted: Oct 25, 2011 8:19 PM

TOKYO (Reuters) - Hitachi Ltd said it expects to post 170 billion yen ($2.2 billion) in operating profit for the six months through September, beating its earlier forecast of 100 billion yen thanks to improvements in its infrastructure-related businesses.

Sales are expected to come in at 4.55 trillion yen, compared with its forecast of 4.4 trillion yen, it said.

(Reporting by Junko Fujita; Editing by Edwina Gibbs)