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Awa Paper Mfg Co Ltd Amends Consolidated Mid-year Forecast for FY 2014; Cancels Mid-year Dividend for FY 2014


Wednesday, 23 Oct 2013 02:00am EDT 

Awa Paper Mfg Co Ltd announced that it has lowered the consolidated mid-year forecast for revenue from JPY 7,710 million to JPY 7,600 million, operating profit from JPY 30 million to JPY 20 million but raised the forecast for ordinary profit from JPY 110 million to JPY 220 million, net profit from JPY 80 million to JPY 195 million and earning per share from JPY 7.87 to JPY 19.17 for the fiscal year ending March 31, 2014. The Company amended the consolidated mid-year outlook due to decreased sales of water processing material and general industrial material, as well as profit on foreign exchange. The Company has canceled the mid-year dividend for the fiscal year ending March 31, 2014. 

Company Quote

345.0
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4 Mar 2015