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Hitachi surges back into profit

Electronics maker Hitachi has reported a return to profit in the three months to September, reversing big losses made a year earlier.

The Japanese firm said it made a net profit of 71.9bn yen (£554.8m; $891.7m) for the quarter, as against a loss of 50.5bn yen for the same period in 2009.

For the year to March 2011, Hitachi forecast net profits of 200bn yen.

It said the "global recovery in demand" was boosting sales of its devices and components, despite the strong yen.

Hitachi makes a wide range of products, from household electrical appliances to nuclear reactors.

Car parts, computer chips and even high-speed trains are all part of its portfolio.

Hitachi follows other Japanese firms in reporting strong quarterly results.

Last week, rival electronics company Sony said it made 31bn yen ($386m, £242m) in the three months to September, compared with a 26.3bn loss a year ago.

BBC News

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