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AGORA Hospitality Group Co., Ltd lowers consolidated mid-year outlook for FY 2014


Tuesday, 12 Aug 2014 03:00am EDT 

AGORA Hospitality Group Co., Ltd:Says the company lowered the consolidated mid-year outlook for the FY ending Dec. 2014.Revenue forecast decreased to 3,370 million yen from 3,570 million yen.Operating profit forecast decreased to a loss of 40 million yen from 45 million yen.Ordinary profit forecast decreased to a loss of 130 million yen from a loss of 80 million yen.Net profit forecast decreased to a loss of 190 million yen from a loss of 95 million yen.Earnings per share decreased to a loss of 0.69 yen from a loss of 0.35 yen.Comments that increased cost of sale and general administrative expenses are the main reasons for the forecast. 

Company Quote

45.0
-2.0 -4.26%
23 Oct 2014