Hitachi Ltd. said Monday it returned to profitability in fiscal 2002, thanks to cost-cutting measures.
The country's largest electronics firm reported a group net profit of 27.87 billion yen, following a net loss of 483.84 billion yen recorded a year ago.
Group operating profit stood at 152.97 billion yen, against a loss of 117.42 billion yen recorded in fiscal 2001, while consolidated sales rose 2.5 percent to 8.19 trillion yen.