Hitachi Ltd. said Friday it swung back into the black in the April-to-June period as sales of its products grew amid the global economic recovery, raising its forecasts for the first half of the current business year through March.
The company reported a group net profit of ¥86.06 billion, a turnaround from ¥82.67 billion in net loss a year earlier. Its operating profit came to ¥88.48 billion, compared with a ¥50.60 billion loss on sales of ¥2.15 trillion, up 13.7 percent.