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HOKUETSU METAL Co Ltd Lowers Consolidated Full-year Outlook for FY 2013; Lowers Year-end Dividend Forecast for FY 2013

Thursday, 14 Mar 2013 01:30am EDT 

HOKUETSU METAL Co Ltd announced that it has lowered the consolidated full-year outlook for revenue from JPY 20,350 million to JPY 20,230 million, operating profit from JPY 550 million to JPY 430 million, ordinary profit from JPY 540 million to JPY 450 million, net profit from JPY 300 million to JPY 240 million and earning per share form JPY 15.14 to JPY 12.11 for the fiscal year ending March 31, 2013. The negative outlook is mainly due to the price increase of its major raw material iron scrap. The Company also announced that it has lowered the year-end dividend forecast from JPY 3 per share (disclosed on May 9, 2012) to JPY 2 per share, for the fiscal year ending March 31, 2013. 

Company Quote

-8.0 -2.63%
22 Sep 2014