NS United Kaiun Kaisha, Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2017
July 28, 2016
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NS United Kaiun Kaisha, Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the period, the company reported revenues of JPY 29,781 million compared to JPY 36,025 million a year ago. Operating income was JPY 1,421 million compared to JPY 1,920 million a year ago. Ordinary loss was JPY 333 million compared profit of JPY 1,913 million a year ago. Loss attributable to owners of the parent was JPY 114 million or JPY 0.49 compared to profit of JPY 1,641 million or JPY 7.11 a year ago.
For the six months of 2016, the company expects to report revenue of JPY 57,000 million, operating income of JPY 1,700 million and profit attributable to owners of the parent of JPY 200 million or JPY 0.85 per share.
For the full year Ending March 31, 2017, the company expects to report revenue of JPY 120,000 million, operating income of JPY 5,200 million, ordinary income of JPY 2,600 million and net income of JPY 3,000 million or JPY 12.73 per share.
NS UNITED KAIUN KAISHA, LTD. is a Japan-based company mainly engaged in the marine business. The Company operates through two business segments. The International Marine Transportation segment is engaged in the transportation of iron ore, coal, steel products and nonferrous ore by bulk carriers, the transportation of crude oil and liquefied petroleum gas (LPG) by tanker, as well as the leasing of ships. The Domestic Marine Transportation segment is engaged in transportation of iron product, limestone, and cement by bulk carriers in domestic waters, the transportation of LPG and liquefied natural gas (LNG) by tankers, as well as the lending of vessels. The other business provides land transportation and information service.
NS United Kaiun Kaisha, Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the First Half and Full Year Ending March 31, 2017