Sumitomo Metal Mining Co., Ltd. Announces Consolidated Earnings Result for the First Six Months of September 30, 2017; Provides Earnings Guidance for the Full Year Ending March 31, 2018; Provides Capex Guidance for the Second Half 2018
November 09, 2017 at 01:00 am EST
Sumitomo Metal Mining Co., Ltd. announced consolidated earnings result for the first six months ended September 30, 2017. For the six months, the company reported net sales of ¥422,111 million against ¥366,492 million for the same period a year ago, operating income of ¥44,690 million against ¥21,920 million for the same period a year ago, ordinary income of ¥46,279 million against ¥11,696 million for the same period a year ago, Net income attributable to owners of parent of ¥35,113 million or ¥114.48 diluted income per share against ¥3,272 million or ¥11.05 diluted income per share for the same period a year ago. Capex of ¥41.5 billion.
For the full year ending March 31, 2018. The company forecast net sales of ¥903,000 million, operating income of ¥89,000 million, ordinary income of ¥97,000 million, profit attributable to owners of parent of ¥68,000 million or ¥246.56 per share, Capex of ¥89.9 billion.
For the second half 2018, the company expects capex guidance of ¥48.4 billion.