Flight Holdings Inc. Announces Consolidated Earnings Results for the Fiscal Year Ended March 31, 2018; Provides Earnings Guidance for the Six Months Ending September 30, 2018 and Full Fiscal Year Ending March 31, 2019
Flight Holdings Inc. announced consolidated earnings results for the fiscal year ended March 31, 2018. For the year, the company reported net sales of ¥2,105,131,000 compared to ¥3,153,866,000 a year ago. Operating profit was ¥68,099,000 compared to ¥590,280,000 a year ago. Ordinary profit was ¥48,211,000 compared to ¥570,549,000 a year ago. Profit before tax was ¥45,759,000 compared to ¥497,723,000 a year ago. Profit attributable to owners of parent was ¥38,475,000 compare to profit ¥407,124,000 a year ago. Net cash used in operating actives was ¥20,092,000 compared to net cash from operating activities of ¥505,547,000 a year ago. Purchase of property, plant and equipment were ¥17,550,000 compared to ¥11,164,000 a year ago. Purchase of intangible assets was ¥1,286,000 compared to ¥15,883,000 a year ago. Earnings per share was ¥4.07 compared to ¥43.06 a year ago.
For the six months ending September 30, 2018, the company expects net sales of ¥700 million, operating loss of ¥180 million, ordinary loss of ¥190 million, loss attributable to owners of parent of ¥190 million and loss per share of ¥20.09.
For full year ending March 31, 2019, the company forecast net sales of ¥2,500 million, operating profit of ¥270 million, ordinary profit of ¥250 million, profit attributable to owners of parent of ¥170 million and earnings per share of ¥17.98.