Meritor recently announced the financial report for the fiscal year 2012 (October 2011 to September 2012) and the fourth fiscal quarter (July to September 2012).
Meritor's sales for the fourth quarter of fiscal 2012 reached $986 million, down 19% from $1.217 billion in the same period of 2011; Meritor's total sales for fiscal year 2012 were $4.418 billion, down 4.4% year-on-year, Meritor 2011 Annual sales for the fiscal year were $4.622 billion.
In the fourth quarter, Meritor’s operating profit was US$23 million, a 48.9% decrease from US$45 million in the fourth quarter of 2011; Meritor’s operating profit for the fiscal year 2012 reached US$173 million, a slight drop of 0.6% year-on-year.
Meritor’s fourth-quarter net profit was US$5 million, a sharp 84% decrease from US$31 million for the same period in 2011; Meritor’s total net profit for the fiscal year 2012 reached US$52 million, a year-on-year decrease of 17.5%, and the 2011 fiscal year The annual net profit is 63 million U.S. dollars.
Meritor Company expects its 2013 fiscal year operating income will reach about 4 billion US dollars, EBITDA margin will reach about 7%.
SPRAYER
NINGBO LUBAN ELECTRIC POWER TOOLS CO.,LTD. , https://www.aye-group.com