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ROYAL ELECTRIC CO LTD lowers consolidated mid-year and full-year outlook for FY 2014


Friday, 8 Aug 2014 02:00am EDT 

ROYAL ELECTRIC CO LTD:Says the company lowered the consolidated mid-year outlook for revenue to 2,356 million yen from 2,408 million yen for FY ending Dec. 2014.Sees a decrease of operating profit forecast to a loss of 131 million yen from a loss of 64 million yen.Sees a decrease of ordinary profit forecast to a loss of 232 million yen from a loss of 130 million yen.Sees a decrease of net profit forecast to a loss of 241 million yen from a loss of 134 million yen.Sees a decrease of earnings per share to a loss of 57.41 yen from a loss of 31.93 yen.Comments the delay in recognition of revenue from automatic winding cases is the main reason for the forecast.Says the company lowered the consolidated full-year outlook for revenue to 5,100 million yen from 5,296 million yen for FY ending Dec. 2014.Sees a decrease of operating profit forecast to a loss of 80 million yen from 58 million yen.Sees a decrease of ordinary profit forecast to a loss of 125 million yen from 101 million yen.Sees a decrease of net profit forecast to a loss of 140 million yen from 101 million yen.Sees a decrease of earnings per share to a loss of 33.30 yen from 24.24 yen.Comments the delay in recognition of revenue from automatic winding cases and postponed reversal of an allowance for doubtful accounts are the main reasons for the forecast. 

Company Quote

410.0
0.0 +0.00%
25 Sep 2014