Komatsu’s quarterly profit jumps over 75%

436 Komatsu, the world’s second biggest selling construction, quarrying and mining equipment maker, saw its operating profit for the three months to June 2017 rise 76% to 52.4 billion yen (US$472 million), compared to the same period of 2016.

Consolidated net sales totalled 561.2bn yen ($5.045bn), up 44.2% from the corresponding period a year ago.

In a financial statement Komatsu said: “In the construction, mining and utility equipment business, sales expanded sharply from the corresponding period a year ago, supported by the steadfast capturing of demand in China, Indonesia and many other countries as well as the positive effects of adding Joy Global (currently, Komatsu Mining Corp.), a leading US manufacturer of mining equipment. Komatsu completed the acquisition of Joy Global Inc. in April this year.”