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Favorina Holdings Co Ltd amends consolidated mid-year outlook for FY 2014


Friday, 9 May 2014 03:00am EDT 

Favorina Holdings Co Ltd:Says the company lowered the consolidated full-year outlook for revenue to 582 million yen from 694 million yen for the fiscal year ending Sep. 2014.Sees an increased operating profit forecast to 0 million yen from a loss of 34 million yen.Sees an increased ordinary profit forecast to 10 million yen from a loss of 33 million yen.Sees an increased net profit forecast to 223 million yen from a loss of 33 million yen.Sees an increase of earnings per share to 39.21 yen from a loss of 5.78 yen per share.Comments that fierce competition in communication sales business of cosmetics and healthy food, as well as efficiency and rationalization of business are the main reasons for the forecast. 

Company Quote

247.0
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25 Dec 2014