(Reuters) - TOKYO, April 24 - Citigroup takeover target Nikko Cordial Corp. reported a decline in its underlying fourth-quarter earnings on Tuesday, hit by an accounting scandal and a sector-wide slowdown in new share issues.
A change in Nikko's tax status allowed Japan's third-biggest brokerage to book net profits of 24.7 billion yen in the January-March fourth quarter, up 38 percent versus the same period a year earlier.
Read more at Reuters.com Market News
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