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NSG Group Announces Revision of Forecast

Post Time:Nov 17,2008Classify:Company NewsView:389

Pilkington's parent company, the NSG Group, has announced the revision of its previous forecast for full-year 2009 (April 2008 through March 2009), as follows. The original forecast was released in August 2008.

2009 Full Year Forecast
(in Japanese Yen)

 

Net Sales

Operating Income

Ordinary Income

Net Income

Net Income Per Share

Previous forecast (A)published on 11 August 2008

880,000
31,000
18,000
27,500
¥41.15

Revised forecast (B)

810,000
20,000
8,000
9,000
¥13.47

Change (B-A)

(70,000)
(11,000)
(10,000)
(18,500)
-

Change (%)

-8.0%
-35.5%
-55.6%
-67.3%
-

Previous year result (FY2008)

865,587
46,462
30,437
50,416
¥75.44

The reduction in income arises partly as a result of the stronger yen generating a reduced level of income on consolidation, and partly as a result of the challenging market conditions faced in many of the Group's major markets, according to a statement issued by the company. These challenging market conditions are anticipated to continue during the remainder of the financial year. In addition, the forecast reflects the income statement loss arising from the receipt of the results of the European Union Competition Commission investigation.

Source: glassBYTEsAuthor: shangyi

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