Pilkington (UK) has released its results for Q3 of the financial year ending 31 Dec/09. Compared with the first 9m of 2008, sales were down by 15% (after exchange adjustments). The group reported a loss of 3BN yen, against an operating profit of 30 BN yen for the corresponding period of 2008. It also confirmed that, overall, progress on cash management and cost savings helped to lessen the impact of the economic downturn. Results for the last quarter of 2009 show a small improvement on the preceding quarter with sales up slightly from 149 BN yen to 151 BN yen and a positive operating profit of 4.1BN yen was achieved, compared with an operating loss of 0.6BN yen in Q2. Group Finance Director Mike Powell said: "The improvement in Q3 has allowed us to revise the group full-year forecast very slightly upwards. We expect profits to improve by 2BN yen."
