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Kitano Construction Corp (1866.T)

1866.T on Tokyo Stock Exchange

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KITANO CONSTRUCTION raises consolidated full-year outlook for FY 2016
Wednesday, 11 Nov 2015 02:15am EST 

KITANO CONSTRUCTION CORP:Says the company increased the consolidated full-year outlook for revenue to 71,000 mln yen from 67,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 2,500 mln yen from 1,450 mln yen.Ordinary profit forecast increased to 2,700 mln yen from 1,600 mln yen.Net profit forecast increased to 1,600 mln yen from 1,000 mln yen.Earnings per share increased to 25.73 yen from 16.08 yen.Comments the adjustment of unprofitable construction works and increased order volume are the main reasons for the forecast.  Full Article

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