Kenedix, Inc. Announces Unaudited Earnings Results for the Third Quarter Ended September 30, 2012; Revised Earnings Guidance for the Full Year 2012
November 10, 2012 at 06:20 am EST
Kenedix, Inc. announced unaudited earnings results for the third quarter ended September 30, 2012. For the quarter, the company reported revenue was ¥13,631 million against ¥14,786 million a year ago. Operating income was ¥5,219 million against ¥5,663 million a year ago. Loss before provision before income taxes was ¥5,635 million against profit of ¥2,003 million a year ago. Net loss was ¥6,639 million against profit of ¥1,052 million a year ago. Net debt as of September 30, 2012 was ¥32,058 million against ¥41,617 as of December 31, 2011.
For the full year 2012, the company expects revised revenue of ¥16,900 million, operating income of ¥4,600 million, Loss before provision before income taxes was ¥9,300 million, net loss of ¥10,200 million and net debt as of December 31, 2012 is ¥29,000.