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Sockets Inc Amends Consolidated Mid-year and Full-year Outlook for FY 2014; Announces Extraordinary Loss for Q2 of FY 2014


Monday, 30 Sep 2013 02:35am EDT 

Sockets Inc announced that it will record a JPY 29 million extraordinary loss on the revaluation of shares of affiliates, for the second quarter of the fiscal year ending March 2014. As a result, the Company has raised its consolidated mid-year outlook for revenue from JPY 1,020 million to JPY 1,125 million, operating profit from JPY 10 million to JPY 25 million and ordinary profit from JPY 10 million to JPY 25 million, but lowered the outlook for net profit from JPY 5 million to a loss of JPY 137 million and earning per share from JPY 2.25 to a loss of JPY 59.82, for the fiscal year ending March 2014. In addition, the Company has affirmed its consolidated full-year outlook for revenue of JPY 2,500 million, operating profit of JPY 100 million and ordinary profit of JPY 100 million, but lowered the outlook for net profit from JPY 60 million to a loss of JPY 95 million and earning per share from JPY 27.00 to a loss of JPY 40.33, for the same fiscal year. The Company raised the revenue, operating profit and ordinary profit outlook due to the increased sales and the cost reduction, and lowered the net profit outlook due to the record of the extraordinary loss. 

Company Quote

912.0
6.0 +0.66%
31 Jul 2015