Nomura Holdings has reported heavy losses for the final three months of 2008, as it struggles to cope with the impact of global financial crisis.
The broker made a loss of 342.9bn yen ($3.8bn; £2.7bn) compared with a profit of 21.8bn yen a year ago.
Its decision to buy the Asian and European operations of collapsed US bank Lehman Brothers hit earnings hard.
"Last quarter was extraordinary for our industry and Nomura was no exception," said Nomura boss Keniche Watanabe.
Revenue for the period collapsed to 2.71bn yen, compared with 400.37bn yen for the final quarter of 2007.
No comments:
Post a Comment