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KFC Ltd Lowers Consolidated Full-year Outlook for FY 2013; Lowers Year-end Dividend Forecast for FY 2013
KFC Ltd announced that it has lowered the consolidated full-year outlook for revenue from JPY 21,350 million to JPY 17,000 million, operating profit (loss) from JPY 580 million to JPY (350 million), ordinary profit (loss) from JPY 560 million to JPY (380 million), net profit (loss) from JPY 300 million to JPY (330 million) and earning per share (loss) from JPY (40.70) to JPY (44.77) for the fiscal year ending March 31, 2013. The negative outlook is mainly due to the reduction of public engineering business, delay of order and tough competition. The Company has also lowered the year-end dividend forecast of JPY 11 per share to JPY 5 per share, for the fiscal year ending March 31, 2013.
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