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ROYAL ELECTRIC CO LTD Lowers Consolidated Mid-year and Full-year Outlook for FY 2013


Friday, 9 Nov 2012 03:00am EST 

ROYAL ELECTRIC CO LTD announced that it has lowered its consolidated mid-year outlook for revenue from JPY 2,803 million to JPY 2,472 million, operating profit from JPY 182 million to JPY 57 million, ordinary profit from JPY 200 million to JPY 66 million, net profit from JPY 153 million to a loss of JPY 1,213 million and earning per share from JPY 36.63 to a loss of JPY 288.68, for the fiscal year ending March 2013. In addition, the Company has also lowered its consolidated full-year outlook for revenue from JPY 5,952 million to JPY 4,980 million, operating profit from JPY 530 million to JPY 127 million, ordinary profit from JPY 564 million to JPY 148 million, net profit from JPY 437 million to a loss of JPY 1,168 million and earning per share from JPY 103.97 to a loss of JPY 277.89, for the fiscal year ending March 2013. The Company lowered the outlook due to the decreased sales and the record of extraordinary loss on provision for bad debts, among others. 

Company Quote

412.0
6.0 +1.48%
12 Sep 2014