Penta-Ocean Construction Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Second Quarter and Full Year of the Year Ending March 31, 2020
August 06, 2019 at 02:00 am EDT
Share
Penta-Ocean Construction Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported net sales of JPY 144,756 million as compared to JPY 116,398 million for the same period last year. Operating income was JPY 8,228 million as compared to JPY 6,607 million for the same period last year. Ordinary income was JPY 8,134 million as compared to JPY 6,756 million for the same period last year. Net income was JPY 5,921 million as compared to JPY 5,119 million for the same period last year. Earnings per share was JPY 20.74 as compared to JPY 17.94 for the same period last year.
For the second quarter of the year ending March 31, 2020, the company expects net sales of JPY 270,200 million, operating income of JPY 14,800 million, ordinary income of JPY 14,300 million, net income attributable to shareholders of JPY 9,500 million and earnings per share of JPY 33.29.
For the year ending March 31, 2020, the company expects net sales of JPY 580,000 million, operating income of JPY 30,500 million, ordinary income of JPY 29,500 million, net income attributable to shareholders of JPY 19,500 million and earnings per share of JPY 68.34.
Penta-Ocean Construction Co Ltd is a Japan-based company mainly engaged in the construction and development business, equipment leasing business and shipbuilding business, as well as the sale of construction materials. The Company operates in four business segments. The Domestic Civil Engineering segment conducts civil engineering works in the domestic markets. The Domestic Construction segment conducts construction works in the domestic markets. The Overseas Construction segment is involved in the provision of construction works in overseas markets. The Others segment engages in the independent development, sales and rental of real estate.
Penta-Ocean Construction Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Second Quarter and Full Year of the Year Ending March 31, 2020