Sumitomo Metal Mining Co., Ltd. Reports Consolidated Financial Results for the First Quarter Ended June 30, 2019; Provides Financial Guidance for the Second Quarter Ending September 30, 2019 and for the Full Year Ending March 31, 2020; Provides Interim and Year End Dividend Guidance for the Year Ending March 31, 2020
August 08, 2019 at 02:00 am EDT
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Sumitomo Metal Mining Co., Ltd. reported consolidated financial results for the first quarter ended June 30, 2019. For the quarter, the company reported profit of ¥15,388 million or ¥51.90 per basic and diluted share on net sales of ¥207,049 million against profit of ¥32,646 million or ¥105.21 per basic and diluted share on net sales of ¥241,980 million for the same period of last year.
For the six months ending September 30, 2019, the company expects, profit attributable to owners of parent of ¥25,000 million or ¥90.98 per basic share on net sales of ¥421,000 million.
For the year ending March 31, 2020, the company expects, profit attributable to owners of parent of ¥64,000 million or ¥232.91 per basic share on net sales of ¥868,000 million.
For the fiscal year ending March 31, 2020, the company expects to pay interim dividend of JPY 39.00 per share at the end of the second quarter compared to JPY 51.00 per share declared last year.
For the fiscal year ending March 31, 2020, the company expects to pay year end dividend of JPY 43.00 per share compared to JPY 22.00 per share declared last year.
Sumitomo Metal Mining Co., Ltd. specializes in production, processing and marketing of non ferrous metals. Net sales break down by activity as follows:
- sale of non ferrous metals (70.9%): gold, copper, nickel, aluminum, zinc, etc.;
- manufacturing of electronic components and advanced materials (20.5%): primarily semiconductors;
- mineral extraction (8.2%);
- other (0.4%): primarily engineering services.
Sumitomo Metal Mining Co., Ltd. Reports Consolidated Financial Results for the First Quarter Ended June 30, 2019; Provides Financial Guidance for the Second Quarter Ending September 30, 2019 and for the Full Year Ending March 31, 2020; Provides Interim and Year End Dividend Guidance for the Year Ending March 31, 2020