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Asahi Glass Co Ltd Amends Consolidated Full-year Outlook and Lowers Year-end Dividend Forecast for FY 2013

Wednesday, 31 Jul 2013 02:00am EDT 

Asahi Glass Co Ltd announced that it has raised its consolidated full-year outlook for revenue from JPY 1,300,000 million to JPY 1,350,000 million, but lowered the outlook for operating profit from JPY 100,000 million to JPY 70,000 million, ordinary profit from JPY 90,000 million to JPY 65,000 million, net profit from JPY 50,000 million to JPY 10,000 million and earning per share from JPY 43.26 to JPY 8.65 , for the fiscal year ending December 2013. The Company lowered the outlook due to the decreased demands, the lower selling price, the increased cost in overseas subsidiaries, as well as the record of extraordinary loss on the glass business restructuring, among others. In addition, the Company has lowered its year-end dividend forecast from JPY 13 per share, which was announced on February 7, 2013, to JPY 5 per share, for the fiscal year ending December 2013. 

Company Quote

1.0 +0.12%
1:16am EDT