Ines Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019
July 26, 2018
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INES Corp. reported consolidated earnings results for the first quarter ended June 30, 2018. For the period, the company reported consolidated net sales of ¥7,689 million as compared to ¥7,239 million a year ago. Operating loss of ¥114 million as compared to ¥216 million a year ago. Ordinary loss of ¥94 million as compared to ¥205 million a year ago. Net loss attributable to owners of parent of ¥135 million or ¥5.05 net loss per share against ¥197 million or ¥7.55 net loss per share for the same period of last year. Loss before income taxes was ¥96 million as compared to ¥194 million a year ago. Net cash provided by operating activities was ¥5,810 million against ¥5,624 million for the same period of the previous fiscal year. Purchases of property, plant and equipment were amounted to ¥233 million against ¥612 million a year ago. Purchase of intangible assets was ¥948 million against ¥186 million a year ago.
For the year ending March 31, 2019, the company expects revenue of ¥37,500 million, operating income of ¥2,100 million, ordinary income of ¥2,100 million and net income attributable to owners of parent of ¥1,400 million or ¥48.96 per share.
INES Corporation is a company mainly engaged in the provision of information processing and communication service, system provision service and other system related services, the planning and development of information systems and network and the provision of operation, maintenance and maintenance services. Through its subsidiaries, the Company is also engaged in the development of software, the provision of information processing services, the manpower dispatching, the sale of petroleum and software package, the design, development, operation and maintenance of information system and network.
Ines Corp. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2018; Provides Earnings Guidance for the Year Ending March 31, 2019