Passenger Transportation, Ground & Sea

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Keifuku Electric Railroad Co Ltd raises consolidated mid-year outlook for FY 2015

1:00am EDT

Keifuku Electric Railroad Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 5,783 million yen from 5,700 million yen for FY ending March 2015.Operating profit forecast increased to 370 million yen from 290 million yen.Ordinary profit forecast increased to 353 million yen from 260 million yen.Net profit forecast increased to 186 million yen from 100 million yen.Earnings per share increased to 9.35 yen from 5.03 yen.Comments the sales increase and costs reduction are the main reasons for the forecast.

Shanghai Shentong Metro to set up joint venture

Monday, 20 Oct 2014 08:00pm EDT

Shanghai Shentong Metro Co Ltd:To set up a joint venture in Shanghai, with five companies.The joint venture will be engaged in equity investment business, with a registration capital of 4,000 million yuan.The company will hold a 17.5 pct stake in the joint venture.

Sansiri PCL updates on collaboration with BTS Group Holdings Public Company Limited

Wednesday, 15 Oct 2014 07:54pm EDT

Sansiri PCL:Says it has approved to enter into the strategic alliance framework agreement with BTS Group Holdings PCL to exclusively partner together on the developments of the residential projects for sale located within a 500-meter radius of all rail mass transit stations.Approves the establishment of a 50 : 50 joint venture company with BTS for the first project to be developed under this collaboration, i.e. the residential project for sale on about 5-rai of land located near BTS Mo Chit Station.

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