Sanko Metal Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Period Ending September 2019 and for the Year Ending March 2020
August 01, 2019 at 06:30 am
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Sanko Metal Industrial Co., Ltd. reported earnings results for the first quarter ended June 2019. For the quarter, the company reported net sales of JPY 7,801 million compare to JPY 7,396 million a year ago. Operating profit of JPY 368 million compared to JPY 184 million a year ago. Profit of JPY 226 million or JPY 58.72 per share compared to JPY 85 million or JPY 22.05 per share for the last year.
The company provided earnings guidance for the period ending September 2019 and for the year ending March 2020. For the year, the company expected net sales of JPY 35,700 million, operating profit of JPY 2,040 million, profit of JPY 1,260 million or JPY 326.76 per share for the last year.
For the period ending September 2019, the company expected net sales of JPY 17,100 million, operating profit of JPY 830 million, profit of JPY 470 million or JPY 121.89 per share for the last year.
SANKO METAL INDUSTRAL CO., LTD. is a Japan-based company principally engaged in the construction works of roofs, as well as the sale of related construction materials. The Company operates in two business segments. The Roof segment is engaged in the construction of long roofs, water-proof roofs, solar roofs and painted roofs, as well as the sale of long molded products and solar molded products. The Construction Material segment is engaged in the sale of residential molded products. The Company also engages in the wholesale of electricity generated by solar power to electric power company.
Sanko Metal Industrial Co., Ltd. Reports Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Period Ending September 2019 and for the Year Ending March 2020