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Mitsubishi Paper Mills Ltd Amends Consolidated Mid-year and Full-year Guidance for FY 2014; Cancels Year-end Dividend for FY 2014


Thursday, 31 Oct 2013 02:00am EDT 

Mitsubishi Paper Mills Ltd announced that it has raised the consolidated mid-year forecast for revenue from JPY 100,000 million to JPY 100,600 million but lowered the forecast for operating profit (loss) from JPY (500 million) to JPY (1,200 million), ordinary profit (loss) from JPY (500 million) to JPY (1,300 million), net profit (loss) from JPY (500 million) to JPY (600 million) and earning (loss) per share from JPY (1.46) to JPY (1.75) for the fiscal year ending March 31, 2014. The Company has reaffirmed the consolidated full-year forecast for revenue of JPY 210,000 million and lowered the forecast for operating profit from JPY 4,500 million to JPY 1,700 million, ordinary profit from JPY 3,000 million to JPY 1,000 million, net profit from JPY 2,500 million to JPY 2,000 million and earning per share from JPY 7.31 to JPY 5.85 for the fiscal year ending March 31, 2014. The Company amended the consolidated mid-year outlook due to decreased sales and record of extraordinary loss. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 205.42 billion and net profit of JPY 1.88 billion for the fiscal year ending March 2014. The Company has canceled the year-end dividend for the fiscal year ending March 31, 2014. 

Company Quote

89.0
0.0 +0.00%
1 Oct 2014