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I-FREEK HOLDINGS INC Announces Waiver of Debt; Expects Extraordinary Loss for Q2 of FY 2014; Lowers Consolidated Full-year Outlook for FY 2014

Wednesday, 16 Oct 2013 07:45am EDT 

I-FREEK HOLDINGS INC announced that it has decided to waive the debt of JPY 72 million to I-FREEK ASIA PACIFIC PTE.LTD. The Company is expecting an extraordinary loss of 72 million due to this development, and an extraordinary loss of JPY 74 million due to amendment of previous financial reports, for the second quarter of fiscal year ending March 2014. The Company has also lowered the consolidated full-year outlook for revenue from JPY 2,555 million to JPY 1,374 million, operating profit (loss) from JPY (192 million) to JPY (318 million), ordinary profit (loss) from JPY (193 million) to JPY (307 million), net profit (loss) from JPY (195 million) to JPY (486 million) and earning (loss) per share from JPY (1,939.34) to JPY (4,821.36) for the fiscal year ending March 31, 2014. The negative outlook is mainly due to increase of cost invested into new business, loss in withdrawal from the settlement service business, loss in investigation on subsidiary, among others. 

Company Quote

-18.0 -7.35%
6 Mar 2015