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Favorina Holdings Co Ltd Announces Extraordinary Loss for Q1 of FY 2013; Amends Consolidated Mid-year and Full-year Outlook for FY 2013


Wednesday, 13 Feb 2013 02:00am EST 

Favorina Holdings Co Ltd announced that it will record a JPY 455,561,000 extraordinary loss on the impairment of goodwill, for the first quarter of the fiscal year ending September 2013. In addition, the Company has lowered consolidated mid-year outlook for revenue from JPY 1,540 million to JPY 1,100 million, operating profit from JPY 6 million to a loss of JPY 120 million, ordinary profit from JPY 0 million to a loss of JPY 125 million, net profit from JPY 0 million to a loss of JPY 580 million and earning per share from JPY 0.00 to a loss of JPY 1016.15, for the fiscal year ending September 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 2,880 million to JPY 2,400 million, net profit from a loss of JPY 100 million to a loss of JPY 560 million and earning per share from a loss of JPY 175.19 to a loss of JPY 981.11, but affirmed the outlook for operating profit of a loss of JPY 85 million and ordinary profit of a loss of JPY JPY 100 million, for the fiscal year ending September 2013. The Company lowered the outlook due to the decreased sales and the impairment of goodwill, among others. 

Company Quote

265.0
0.0 +0.00%
19 Dec 2014