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June 3, 1997updated 05 Sep 2016 1:04pm

COMPANY RESULT: HITACHI LTD

By CBR Staff Writer

Hitachi Ltd reported that net income for the year ended March slid 38% to $712m on revenue up 5% at $68.74bn. In the group’s Information Systems and Electronics subsidiary, sales of mainframe computers and telecommunications equipment increased, but a fall in memory prices slowed sales of semiconductors. Figures were converted at a rate of 124 yen to the dollar.

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