Toei reports Q1 profit

Japan’s Toei Reefer Line has posted net profit of JPY 46m ($453,000) for the first quarter ended 30 June, recovering from a JPY 45m loss one year earlier.

The company’s first quarter results also forecast a profit for the full year that could reach JPY 200m.

Earlier this year, the Japanese tuna-carrier shipowner had announced JPY 346m net earnings in the year to 31 March.

The revenue for this quarter was JPY 2.34bn from JPY 2.26bn the year before.