Meitec Corporation Reports Consolidated Earnings Results for the First Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Full Year Ending March 31, 2017
July 28, 2016 at 07:28 pm EDT
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Meitec Corporation reported consolidated earnings results for the first ended June 30, 2016. For the quarter, the company reported net sales were ¥21,822 million against ¥20,780 million a year ago. Operating income was ¥2,397 million against ¥2,290 million a year ago. Profit attributable to owners of the parent was ¥1,543 million or ¥52.63 per share against ¥1,404 million or ¥46.36 per share a year ago. Profit before income taxes was ¥2,395,463 million against ¥2,279,067 million a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2016 and full year ending March 31, 2017. For the six-month period, the company expects net sales were ¥43,800 million, operating income was ¥4,600 million and profit attributable to owners of the parent was ¥3,000 million or ¥102.17 per share.
For the year, the company expects net sales were ¥90,500 million, operating income was ¥10,300 million and profit attributable to owners of the parent was ¥7,000 million or ¥238.39 per share.
Meitec Group Holdings Inc, formerly Meitec Corp, is a Japan-based company mainly engaged in the engineering solutions business and engineer introduction business. The Company operates in two business segments. The Engineering Solutions business segment is engaged in the provision of engineering solution services with a focus on engineer dispatch services. This segment includes high-end engineer dispatching business, middle-range engineer dispatching business, senior engineer dispatching business, registered staffing business whose main customers are the manufacturing industry, and general outsourcing business. The Engineer Introduction business segment is engaged in the employment placement business for engineers.
Meitec Corporation Reports Consolidated Earnings Results for the First Ended June 30, 2016; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2016 and Full Year Ending March 31, 2017