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Mobcast Inc Lowers Consolidated Full-year Outlook for FY 2013

Friday, 1 Nov 2013 04:00am EDT 

Mobcast Inc announced that it has lowered its consolidated full-year outlook for revenue from JPY 8,000 million to JPY 5,000 million, operating profit from JPY 1,750 million to a loss of JPY 680 million, ordinary profit from JPY 1,700 million to a loss of JPY 640 million, net profit from JPY 1,000 million to a loss of JPY 750 million and earning per share from JPY 75.07 to a loss of JPY 54.64, for the fiscal year ending December 2013. The Company lowered the outlook due to the decreased sales, the delayed release of new games, the increased advertisement cost and labor cost as well as the record of software impairment loss. 

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