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Godo Steel Ltd Amends Consolidated Mid-year Outlook for FY 2014

Wednesday, 31 Jul 2013 01:00am EDT 

Godo Steel Ltd announced that it has reaffirmed the consolidated mid-year outlook for revenue at JPY 69,000 million, but has lowered the outlook for operating profit from JPY 1,000 million to JPY 500 million, ordinary profit from JPY 1,200 million to JPY 400 million, net profit from JPY 600 million to JPY 100 million, earning per share from JPY 3.71 to 0.62 for the fiscal year ending March 2014. The negative profit outlook is mainly due to supply surplus of steel materials in China market. 

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