Kobelco Eco-Solutions Announces Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2013; Provides Earnings Guidance for the First Half, Second Half and Full Year of Fiscal Year Ending March 31, 2014
For the quarter, the company reported sales was ¥25.4 billion against ¥22.5 billion a year ago. Ordinary income was ¥3.1 billion against ¥0.8 billion a year ago.
Domestic public works projects are anticipated to continue being weak, although there are signs of an upswing in some areas. As a result, sales in fiscal 2013 are anticipated to be lower than in fiscal 2012. The company expected sales of ¥66 billion and ordinary income of ¥2 billion for the fiscal year ending March 31, 2014.
The company expected sales of ¥30 billion and ordinary income of ¥0.7 billion for the first half of fiscal year ending March 31, 2014.
The company expected sales of ¥36 billion and ordinary income of ¥1.3 billion for the second half of fiscal year ending March 31, 2014.