Gyldendal A/S Lowers FY 2012 Pre-Tax Profit Guidance
Gyldendal A/S announced that it has changed its fiscal year 2012 profit before tax guidance to a surplus of approximately DKK 45 million. Previously, the Company expected fiscal year 2012 operating earnings at the same level as in fiscal year 2011, when profit before tax and non-recurring income from the sale of shares was DKK 64 million. The change is due to transition in education from analog to digital learning materials, which results in a greater deferral of income from fiscal year 2012 to subsequent years than expected, and that sales in the fourth quarter of 2012 on the private market did not live up to expectations.
Latest Developments for Gyldendal A/S
- Share this
- Digg this