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(Update) Marubeni Braces for Record Net Loss

(Update) Marubeni Braces for Record Net Loss

   Tokyo, March 25 (Jiji Press)---Japanese trading house Marubeni Corp. <8002> said Wednesday it expects to log a record consolidated net loss of 190 billion yen for the year ending Tuesday, against its previous projection for 200 billion yen in profit.
   The company has been heavily affected by sharp falls in prices of resources including crude oil, led by the new coronavirus pandemic.

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AFP-JIJI PRESS NEWS JOURNAL


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