KOBE STEEL to Revise Combined Consolidated Profit Estimation for Fiscal 2013 to 60 Billion Yen

KOBE STEEL announced on 29th to revise combined consolidated profit estimation for fiscal 2013 ending March 2014, from 45 billion yen, announced on April, to 60 billion yen, and net profit estimation from 35 billion yen to 55 billion yen. Business recovery accelerates from current-account deficit of 18.1 billion yen and overall deficit of 26.9 billion yen for the previous term, on the background of strong financial performance by Kobelco Construction Machinery, aluminium copper business, and Kobelco Cranes.