(Bloomberg) -- Sumitomo Corp., Japan's third-largest trading company, said it expects record profit this year and next on gains from its existing businesses and investments.
The company forecasts 235 billion yen ($1.96 billion) profit in both years, Chief Financial Officer Noriaki Shimazaki said in an interview. He repeated projections Sumitomo first made on April 27 for the business years ending March 2008 and March 2009.
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