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Japan-Update

Kumagai Gumi likely constructed 10% profit gain

Better margins on Japanese projects seen lifting April-December results

TOKYO -- General contractor Kumagai Gumi apparently saw a 10% group operating profit jump in the April-December period to about 18 billion yen ($160 million), thanks to improved margins in office, hotel and other building projects in Japan.

Sales likely remained flat compared with the 250.2 billion yen marked a year prior.

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