IHI Corp., Japan’s third-biggest maker of heavy equipment, said Friday its first-half losses increased threefold after underestimating engineering and project costs.
The net loss expanded to ¥37.3 billion in the six months to Sept. 30, from a restated ¥10.1 billion loss a year earlier, the Tokyo-based company said Friday. Sales rose 5.6 percent to ¥546.4 billion.
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