Mitsui boosts profit forecast on higher iron-ore, coal prices

Japanese trading company Mitsui & Co on Friday said its April-December profits jumped over 60% from the year before and raised its full-year forecast to record levels, boosted by higher prices for iron ore and coking coal. Mitsui is now forecasting a net profit of 440-billion yen, up from its previous guideline of 400-billion yen, beating a mean estimate of 407-billion yen among 10 analysts surveyed by Thomson Reuters I/B/E/S.