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Mitsubishi Electric Corp. said Tuesday that it may post a consolidated net loss of 33 billion yen for the 1997 business year, due mainly to declining profits in semiconductors and home appliances.

According to the company’s revised profit forecast, the firm will post a consolidated pretax loss of 40 billion yen for the current business year that ends March 31; it had earlier forecast a pretax profit of 67.9 billion yen. The firm is also projecting no consolidated operating profit for the current business year.

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