Komatsu sales and profits up in Q3 2014/15
Komatsu posted gains in profit and sales during its fiscal third quarter (October 1 – December 31 2014) helped by a weakening yen against the US dollar and increased equipment sales in the Americas and Europe.
For the quarter, net sales achieved by the Japanese construction equipment manufacturing giant, second only to Caterpillar for global sales, increased 6.4% to US$4.2 billion. Profit in the quarter also rose 5.5% to $327.5 million.
Construction equipment sales in north and south America and Europe are said to have offset declines in Japan and China for Q3 2014/15.
Sales in North America rose 12.7% to $2 billion, despite lower demand for equipment in the energy sector due to the recent steep decline in oil prices.