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NIPPON GAS CO LTD Expects Extraordinary Profit for Q2 of FY 2014; Amends Consolidated Mid-year Outlook for FY 2014


Monday, 28 Oct 2013 02:00am EDT 

NIPPON GAS CO LTD announced that it is expecting an extraordinary profit of JPY 541 million, as gain on reversal of negative goodwill, for the second quarter of fiscal year ending March 2014. The Company also announced that it has lowered consolidated mid-year outlook for revenue from JPY 55,000 million to JPY 53,565 million, and raised the outlook for operating profit from JPY 2,500 million to JPY 2,601 million, ordinary profit from JPY 2,400 million to JPY 2,582 million, net profit from JPY 1,200 million to JPY 2,086 million, earnings per share from JPY 24.8 to JPY 46.29 for the fiscal year ending March 2014. The positive profit outlook is mainly due to reduction of distribution cost. The negative revenue outlook is mainly due to reduction of revenue from machinery engineering business. 

Company Quote

2491.0
7.0 +0.28%
24 Oct 2014