Construction Supplies & Fixtures

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COMANY lowers mid-year consolidated outlook and reaffirms mid-term dividend forecast for FY 2015

Wednesday, 15 Oct 2014 03:00am EDT

COMANY INC:Lowered mid-year consolidated outlook for fiscal year ending March 2015.Mid-year revenue outlook of 13,218 mln yen lowered from 13,300 mln yen.Mid-year operating profit (loss) outlook of (65 mln) yen lowered from 250 mln yen.Mid-year ordinary profit outlook of 45 mln yen lowered from 250 mln yen.Mid-year net profit (loss) outlook of (90 mln) yen lowered from 120 mln yen.Mid-year earnings (loss) per share outlook of (10.11 yen) lowered from 13.48 yen.Outlook lowered due to increased material cost and construction cost, as well as loss on valuation of inventories.Reaffirmed mid-term dividend forecast of 16 yen per share, for the same fiscal year.

Superglass Holdings PLC announces completion of placing and new bank facilities

Tuesday, 14 Oct 2014 05:04am EDT

Superglass Holdings PLC:Says it has successfully completed a placing to raise 6.25 mln Pounds through a proposed placing with institutional and sophisticated private investors of 125,000,000 new ordinary shares at a price of 5 pence per new ordinary share.Says net proceeds of the placing of 5.7 mln Pounds are expected to be used to meet the capital costs associated with implementing the Board's strategy to further reduce operating costs, to finance projected working capital outflows.Proceeds will be also used to meet the trading losses during the current financial year and to strengthen its balance sheet in order to provide greater flexibility and headroom in view of the continuing volatility in trading.Announced new bank facilities of up to 4.8 mln Pounds have been negotiated with Close Brothers and will be available for drawdown following admission, with the available level largely determined by the balance of trade debtors from time to time.Says the new facilities will replace the existing facilities with Clydesdale Bank, which will be repaid at a discount of 15 pct to the principal amount outstanding of 2.5 mln Pounds.

SIG plc announces disposal of interest in Ice Energy Technologies Limited

Tuesday, 14 Oct 2014 02:00am EDT

SIG plc:Says it has sold its 50.6 pct stake in Ice Energy Technologies Limited to the existing Ice Energy management team of Andrew Sheldon and Andrew Hillier.The consideration for the divestment comprises a nominal initial cash payment of 1 pound together with an earn-out of up to 5 mln pound dependent on the performance of Ice Energy over the period to March 31, 2019.

Geberit AG announces offer to acquire Sanitec

Tuesday, 14 Oct 2014 01:00am EDT

Geberit AG:Has announced tender offer to acquire Sanitec.Says offer price of 97 Swedish crowns per share corresponds to total value of offer of 1.29 billion Swiss francs.Says acceptance period for offer is expected to begin on or about Nov. 17, and expire on or about Dec. 22.Says new company to be unique integrated company in sanitary products market in Europe.Says merger is being completely financed by Geberit using its own funds, as well as by new debt to be taken on.

Geberit AG announces offer to acquire Sanitec

Tuesday, 14 Oct 2014 01:00am EDT

Geberit AG:Has announced tender offer to acquire Sanitec, Europe’s company in area of bathroom ceramics.Says offer price of 97 Swedish crowns per share corresponds to total value of offer of 1.29 billion Swiss francs.Says acceptance period for offer is expected to begin on or about Nov. 17, and expire on or about Dec. 22.Says new company to be unique integrated company in sanitary products market in Europe.Says merger is being completely financed by Geberit using its own funds, as well as by new debt to be taken on.

SANYO INDUSTRIES LTD lowers consolidated mid-year outlook for FY 2015

Tuesday, 14 Oct 2014 01:00am EDT

SANYO INDUSTRIES LTD:Says the company lowered the consolidated mid-year outlook for revenue to 12,000 million yen from 12,500 million yen for FY ending March 2015.Sees a decrease of operating profit forecast to a loss of 50 million yen from 100 million yen.Sees a decrease of ordinary profit forecast to 50 million yen from 150 million yen.Sees a decrease of net profit forecast to 20 million yen from 100 million yen.Sees a decrease of earnings per share to 0.57 yen from 2.87 yen.Comments the delay in projects and costs increase are the main reasons for the forecast.

LIXIL Group lowers mid-year and full-year consolidated outlook for FY 2015

Monday, 13 Oct 2014 10:00pm EDT

LIXIL Group Corp:Lowered mid-year and full-year consolidated outlook for fiscal year ending March 31, 2015.Mid-year revenue outlook of 790,000 mln yen lowered from 835,000 mln yen.Mid-year operating profit outlook of 13,000 mln yen lowered from 31,000 mln yen.Mid-year ordinary profit outlook of 13,000 mln yen lowered from 31,500 mln yen.Mid-year net profit outlook of 4,000 mln yen lowered from 19,000 mln yen.Mid-year earnings per share outlook of 13.68 yen lowered from 65.02 yen.Full-year revenue outlook of 1,715,000~1,690,000 mln yen lowered from 1,760,000 mln yen.Full-year operating profit outlook of 80,000~67,000 mln yen lowered from 80,000 mln yen.Full-year ordinary profit outlook of 81,500~68,500 mln yen lowered from 81,500 mln yen.Full-year net profit outlook of 49,000~40,000 mln yen lowered from 49,000 mln yen.Full-year earnings per share outlook of 167.37~136.63 yen lowered from 167.52 yen.Outlook lowered due to increased consumption tax and delay in overseas projects.FY 2015 revenue of 1,719,860 mln yen, operating profit of 72,550 mln yen and net profit of 44,160 mln yen - Thomson Reuters I/B/E/S.

Osram Licht AG completes acquisition of Clay Paky

Monday, 13 Oct 2014 08:00pm EDT

Osram Licht AG:Says completes acquisition of Clay Paky.

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