March 25, 2020 / 6:44 AM / 11 days ago

Marubeni slashes FY outlook to $1.7 bln loss due to coronavirus

TOKYO, March 25 (Reuters) - Japanese trading company Marubeni Corp said on Wednesday it now expects a full-year net loss of 190 billion yen ($1.7 billion) after the coronavirus outbreak led to a deterioration in the global business environment.

The company had previously expected a 200 billion yen net profit for the fiscal year ending March 31. ($1 = 111.2000 yen) (Reporting by Chris Gallagher; Editing by Himani Sarkar)

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