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Asahi Glass Co Ltd lowers consolidated full-year outlook for FY 2014


Thursday, 31 Jul 2014 02:00am EDT 

Asahi Glass Co Ltd:Says the company lowered the consolidated full-year outlook for the FY ending Dec. 2014.Revenue forecast decreased to 1,350,000 million yen from 1,400,000 million yen.Operating profit forecast decreased to 65,000 million yen from 75,000 million yen.Ordinary profit forecast decreased to 35,000 million yen from 40,000 million yen.Net profit forecast decreased to 20,000 million yen from 25,000 million yen.Earnings per share decreased to 12.98 yen from 17.30 yen.FY 2014 revenues of 1,369.46 billion yen, reported net profit of 21.84 billion yen – Thomson Reuters I/B/E/S.Comments that selling price and shipments of glass lower than expected is the main reason for the forecast. 

Company Quote

630.0
12.0 +1.94%
30 Jan 2015