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Sankyu seeks to boost operating profit 13% by fiscal 2017

TOKYO -- Plant builder Sankyu aims to lift group operating profit 13% from last fiscal year to 24 billion yen ($192 million) by the year ending March 2018.

     The Japanese company will take on more large orders to revamp iron mills, power stations and chemical plants. It will continue shedding money-losing projects, raising the operating profit margin to the 5% level from the 4% range seen in fiscal 2014. The company also seeks to boost return on equity to 9% from 8.6%.

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