Namura Shipbuilding Gains

Wednesday, June 17, 2009

According to a June 17 report from Bloomberg, Namura Shipbuilding Co., a Japanese builder of cargo vessels and tankers, gained the most in a month after increasing its annual profit forecast to reflect compensation it got from a customer that canceled a ship order. The stock rose 7.4 percent as of the close on the Osaka Securities Exchange, the biggest gain since May 19. It has risen 89 percent this year. Net income is forecast at $57m for the year ending March 31, 2010.

(Source: Bloomberg)

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