INES Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Revises Earnings Guidance for the Year Ending March 31, 2020
July 29, 2019
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INES Corporation reported consolidated earnings results for the first quarter ended June 30, 2019. For the period, the company reported consolidated net sales of ¥8,910 million as compared to ¥7,689 million a year ago. Operating profit of ¥607 million as compared to operating loss of ¥114 million a year ago. Ordinary profit of ¥618 million as compared to ordinary loss of ¥94 million a year ago. Profit of ¥404 million or ¥17.00 net profit per share against loss of ¥135 million or ¥5.05 net loss per share for the same period of last year.
For the year ending March 31, 2020, the company expects revenue of ¥40,000 million, operating income of ¥1,600 million, ordinary income of ¥1,650 million and net income attributable to owners of parent of ¥1,550 million or ¥65.22 per share compared to previous forecasted revenue of ¥39,000 million, operating income of ¥2,200 million, ordinary income of ¥2,250 million.
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 Corporation Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Revises Earnings Guidance for the Year Ending March 31, 2020