River Eletec Corporation Reports Earnings Results for the First Quarter Ended June 2015; Provides Earnings Guidance for Second Quarter and Full Year of Fiscal 2016
The company provided earnings guidance for second quarter and full year of fiscal 2016. For the full year ended March 2016, the company expected net sales of ¥5,485 million, operating income of ¥32 million, ordinary income of ¥26 million, profit attributable to owners of parent of ¥16 million or ¥2.19 per share.
For the second quarter ended September 2016, the company expected net sales of ¥2,570 million, operating income of ¥8 million, ordinary income of ¥9 million, profit attributable to owners of parent of ¥5 million or ¥0.73 per share.