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AGORA Hospitality Group Co., Ltd Amends Consolidated Full-year Outlook for FY 2013; Expects Extraordinary Profit for FY 2013


Tuesday, 12 Feb 2013 01:30am EST 

AGORA Hospitality Group Co., Ltd announced that it has raised the consolidated full-year outlook for revenue from JPY 3,550 million to JPY 4,275 million, but has lowered the consolidated full-year outlook for operating profit (loss) from JPY 82 million to JPY (2,053 million), ordinary profit (loss) from JPY 105 million to JPY (2,395 million), net profit (loss) from JPY 62 million to JPY (2,385 million) and earning (loss) per share from JPY 0.25 to JPY (8.71) for the fiscal year ending March 31, 2013. The positive outlook for revenue is mainly due to gain on taking over the new hotel business, and the negative profit outlook is mainly due to loss in asset evaluation, loss due to fluctuation of foreign exchange and investment loss in affiliates. The Company also announced that it is expecting an extraordinary profit of JPY 19 million, as gain on negative goodwill in the asset evaluation. 

Company Quote

44.0
1.0 +2.33%
25 Jul 2014