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Showa Denko KK Amends Consolidated Mid-year and Full-year Guidance for FY 2013


Monday, 29 Jul 2013 02:00am EDT 

Showa Denko KK announced that the Company has raised the consolidated mid-year guidance for revenue from JPY 380,000 million to JPY 401,400 million but lowered the forecast for operating profit from JPY 13,000 million to JPY 6,700 million, ordinary profit from JPY 10,500 million to JPY 5,300 million, net profit from JPY 5,000 million to JPY 2,100 million and earning per share from JPY 3.34 to JPY 1.40 for the fiscal year ending December 31, 2013. The Company has also raised the consolidated full-year guidance for revenue from JPY 800,000 million to JPY 850,000 million but lowered the forecast for operating profit from JPY 35,000 million to JPY 26,000 million, ordinary profit from JPY 30,000 million to JPY 22,000 million, net profit from JPY 15,000 million to JPY 10,000 million and earning per share from JPY 10.02 to JPY 6.68 for the fiscal year ending December 31, 2013. The Company amended the consolidated mid-year and full-year outlook due to increased price of naphtha, as well as slumping in demand. 

Company Quote

155.0
3.0 +1.97%
19 Sep 2014