Sumitomo Electric Expects 2012 Profit to Rise 50% on Cars, IPad – Bloomberg

March 15, 2012 Posted By: Leave a comment
Sumitomo Electric Industries Ltd. (5802) expects operating profit to rise at least 50 percent next fiscal year as a production rebound by Toyota Motor Corp. (7203) and sales of Apple Inc. (AAPL)’s iPad drive demand for its wiring products.
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