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MAG Net Holdings Inc Announces Extraordinary Loss and Amends Consolidated Full-year Outlook for FY 2014


Friday, 8 Nov 2013 01:00am EST 

MAG Net Holdings Inc announced that it will record a JPY 75 million extraordinary loss on the provision for debts guarantee, for the fiscal year ending March 2014. The Company has also lowered its consolidated full-year outlook for revenue from JPY 316 million to JPY 270 million, but raised the outlook for operating profit from a loss of JPY 431 million to a loss of JPY 340 million, ordinary profit from a loss of JPY 355 million to a loss of JPY 253 million, net profit from a loss of JPY 358 million to a loss of JPY 330 million and earning per share from a loss of JPY 18.41 to a loss of JPY 16.96, for the fiscal year ending March 2014. The negative outlook is due to the decreased sales, and the positive outlook is due to the decreased provision for bad debts. 

Company Quote

118.0
4.0 +3.51%
26 Dec 2014