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Mitsui Engineering & Shipbuilding Co Ltd Announces Extraordinary Loss for FY 2013; Amends Consolidated Full-year Outlook and Year-end Dividend Forecast for FY 2013
Mitsui Engineering & Shipbuilding Co Ltd announced that it will record a JPY 23,673 million extraordinary loss on the impairment of fixed assets, for the fiscal year ended March 2013. The Company has also lowered its consolidated full-year outlook for revenue from JPY 590,000 million to JPY 577,000 million, net profit from JPY 9,000 million to a loss of JPY 8,300 million and earning per share from JPY 10.87 to a loss of JPY 10.02, but raised the outlook for operating profit from JPY 20,000 million to JPY 24,000 million and ordinary profit from JPY 19,000 million to JPY 26,000 million, for the fiscal year ended March 2013. The Company raised the operating profit and ordinary profit outlook due to the impact of the lower yen and the cost reduction, and lowered the net profit outlook due to the record of extraordinary loss. In addition, the Company has maintained its year-end dividend forecast of JPY 3 per share for the fiscal year ended March 2013.
Latest Developments for Mitsui Engineering & Shipbuilding Co Ltd
- Mitsui Engineering & Shipbuilding Co Ltd Amends Consolidated Mid-year Outlook for FY 2014
- Mitsui Engineering & Shipbuilding Co Ltd Raises Consolidated Mid-year and Full-year Guidance for FY 2014
- Kawasaki Heavy Industries Ltd Axes Merger Plan with Mitsui Engineering & Shipbuilding Co Ltd-The Daily Yomiuri
- Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd To Start Merger Talks-Reuters
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