Economics
Komatsu’s Profit Falls 15% Amid Growth Slowdown in China
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Komatsu Ltd. reported a 15 percent decline in fourth-quarter profit after slower economic growth in China cooled the country’s construction market and undermined the appetite of mining companies to invest in resource-rich nations.
Net income fell to 37.5 billion yen ($315 million) for the three months ended March 31 from 44.1 billion yen a year earlier, according to Bloomberg calculations based on full-year results released Monday.