Chubu Electric Power Company, Incorporated Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2013; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2014
February 04, 2014 at 07:00 am EST
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Chubu Electric Power Company, Incorporated reported consolidated earnings results for the nine months ended December 31, 2013. For the nine months, the company reported operating revenue of JPY 2,053,794 million against JPY 1,960,151 million a year ago. Operating loss was JPY 24,513 million against operating income of JPY 21,707 million a year ago. Ordinary loss was JPY 46,709 million against JPY 3,904 million a year ago. Loss before income taxes and minority interests was JPY 41,078 million against income before income taxes and minority interests of JPY 8,542 million a year ago. Net loss was JPY 31,580 million or JPY 41.68 per share against JPY 2,287 million or JPY 3.02 per share a year ago.
The company provided consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2014. On consolidated basis, the company expects operating revenue of JPY 2,790,000 million, operating loss of JPY 75,000 million, ordinary loss of JPY 110,000 million, and net loss of JPY 75,000 million or JPY 98.99 per share.
On non-consolidated basis, for the year ending March 31, 2014, the company expects operating revenue of JPY 2,610,000 million, operating loss of JPY 90,000 million, ordinary loss of JPY 120,000 million, and net loss of JPY 80,000 million or JPY 105.58 per share.
Chubu Electric Power Co., Inc specializes in the production and distribution of electricity. Net sales break down by activity as follows:
- sale of electricity (85.8%);
- other (14.2%): primarily sale of gas and electric installation maintenance services.
Chubu Electric Power Company, Incorporated Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2013; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2014