Local News

Saibu Gas Posts First Loss in 30 Years

Fukuoka City-based Saibu Gas revealed that it expects to suffer a non-consolidated loss for the year ending March 2009 due to skyrocketing liquid natural gas prices. This will be the company’s first current loss in 30 years. The company originally projected 3 billion yen in profit, but has revised that downwards to a loss of several billion yen, which would make it the worst loss in the company’s history.

Published: Aug 7, 2008 / Last Updated: Aug 7, 2008

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