Suntory Beverage & Food Limited Announces Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending December 31, 2019 and Dividend Guidance for the Year Ending December 31, 2019
November 05, 2019 at 01:00 am EST
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Suntory Beverage & Food Limited announced unaudited consolidated earnings results for the nine months ended September 30, 2019. For the period, the company reported revenue of JPY 980,586 million compared to JPY 972,058 million a year ago. Operating income was JPY 90,592 million compared to JPY 94,352 million a year ago. Profit for the period was JPY 66,143 million compared to JPY 72,389 million a year ago. Profit for the period attributable to owners of the parent was JPY 57,801 million or JPY 187.06 per share compared to JPY 65,815 million or JPY 213 per share a year ago.
For the fiscal year ending December 31, 2019, the company provided earnings guidance of net sales to be JPY 1,297,000 million, operating income to be JPY 111,000 million, profit for the period to be JPY 79,500 million, profit attributable to owners of the parent to be JPY 68,000 million and per share to be JPY 220.06.
The company provided year-end dividend guidance for the year ending December 31, 2019. For the period, the company expected dividend of JPY 39.00 per share compared to JPY 39.00 per share paid a year ago.
Suntory Beverage & Food Limited is a Japan-based company principally engaged in the manufacture and sale of beverages and food. The Company operates in five geographic segments. Japan segment is involved in the manufacture and sale of mineral water, coffee beverages, tea beverages, carbonated beverages, sports beverages, as well as foods for specified health use in Japan. Europe segment manufactures and sells carbonated beverages Orangina and Schweppes, fruit juice beverages Oasis and Ribena, energy and sports drinks Lucozade in France, the UK, Spain and Africa. Asia segment manufactures and sells health food products, such as the BRAND'S Essence of Chicken series in Taiwan and Southeast Asia, including Thailand. Oceania segment manufactures and sells soft drinks mainly in New Zealand and Australia. Americas segment manufactures and sells soft drinks mainly in North Carolina, the United States.
Suntory Beverage & Food Limited Announces Unaudited Consolidated Earnings Results for the Nine Months Ended September 30, 2019; Provides Earnings Guidance for the Year Ending December 31, 2019 and Dividend Guidance for the Year Ending December 31, 2019