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Melco Holdings Inc Lowers Consolidated Mid-year Outlook and Full-year Outlook for FY 2014


Monday, 7 Oct 2013 02:40am EDT 

Melco Holdings Inc announced that it has lowered consolidated mid-year outlook for revenue from JPY 49,700 million to JPY 47,800 million, operating profit from JPY 800 million to JPY 460 million, ordinary profit from JPY 1,100 million to JPY 900 million, net profit from JPY 600 million to JPY 530 million, earnings per share JPY 27.01 to JPY 23.86 for the fiscal year ending March 2014. The Company also announced that it has lowered consolidated full-year outlook for revenue from JPY 105,000 million to JPY 100,000 million, operating profit from JPY 2,700 million to JPY 1,900 million, ordinary profit from JPY 3,400 million to JPY 2,600 million, net profit from JPY 2,100 million to JPY 1,500 million, earnings per share JPY 94.53 to JPY 67.53 for the fiscal year ending March 2014. The negative outlook is mainly due to the shrink of market demand for personal computers and televisions and increase of costs caused by lowered exchange rate. According to I/B/E/S Estimates, analysts on average were expecting the Company to report full-year revenue of JPY 100.03 billion, operating profit of JPY 2.10 billion and net income of JPY 1.70 billion. 

Company Quote

2131.0
4.0 +0.19%
2:00am EDT