Financial

Descente swings to a loss

2020-05-28T12:27:00

Hampered by the coronavirus outbreak, Descente ended its financial year on March 31 with a net loss of 2,481 million yen (€20.9m-$22.8m), against a profit of ¥3,944 million for the previous year. Its revenues fell by 12.8 percent to ¥124,561 million (€1.0bn-$1.1bn) for the twelve months. The gross margin dipped ...

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