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Daido Steel Co Ltd Raises Mid-year and Full-year Consolidated Outlook for FY 2014


Wednesday, 24 Jul 2013 02:30am EDT 

Daido Steel Co Ltd announced that it has raised its mid-year consolidated outlook for revenue from JPY 218,000 million to JPY 221,500 million, operating profit from JPY 7,000 million to JPY 10,000 million, ordinary profit from JPY 7,000 million to JPY 10,000 million, net profit from JPY 4,500 million to JPY 5,500 million, and earnings per share from JPY 10.37 to JPY 12.68, for the fiscal year ending March 31, 2014. The Company also has raised its full-year consolidated outlook for revenue from JPY 453,000 million to JPY 456,500 million, operating profit from JPY 18,500 million to JPY 21,500 million, ordinary profit from JPY 18,500 million to JPY 21,500 million, net profit from JPY 11,000 million to JPY 12,000 million, and earnings per share from JPY 25.36 to JPY 27.67, for the same fiscal year. The Company raised its mid-year and full-year consolidated outlook mainly due to the recovery of demands and smooth increase of iron scrap price. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 457,030 million, operating profit of JPY 21,020 million and net profit of JPY 12,440 million, for the same fiscal year. 

Company Quote

454.0
5.0 +1.11%
19 Dec 2014