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Nippon Denko Co Ltd Expects Extraordinary Loss and Amends Full-year Consolidated Outlook for FY 2012


Thursday, 27 Dec 2012 01:00am EST 

Nippon Denko Co Ltd announced that it expects the extraordinary loss for JPY 2.4 billion caused by loss on reorganization of chromic chloride business, for the fiscal year ending December 31, 2012. The Company also has reaffirmed its full-year consolidated outlook for revenue of JPY 61,400 million, operating profit of JPY 3,800 million, ordinary profit of JPY 3,700 million, and lowered its full-year consolidated outlook for net profit (loss) from JPY 1,400 million to JPY (300 million), and earnings (loss) per share from JPY 12.71 to JPY (2.72), for the fiscal year ending December 31, 2012. This is due to the extraordinary losses caused by reorganization of chromic chloride business, environment solution payment and loss on valuation of investment securities. 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 62,830 million, operating profit of JPY 4,200 million and net profit of JPY 1,680 million, for the same fiscal year. 

Company Quote

270.0
-2.0 -0.74%
1:55am EDT