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Casio Computer Q1 Profit Down - Quick Facts

Casio Computer Co., Ltd. (CSIOF.PK,CSIOY.PK), a Japanese manufacturer of consumer electronics, Tuesday posted a decline in profit and sales for the first quarter. However, the company projects higher results for the full year.

For the quarter, attributable profit fell nearly 64 percent to 2.405 billion yen from last year's 6.648 billion yen. Earnings per share were 9.20 yen, lower than 24.97 yen a year ago.

Operating income for the period slid 21.6 percent to 7.105 billion yen. Net sales for the first quarter decreased 6.5 percent to 74.28 billion yen from 79.45 billion yen last year.

Looking ahead to the full year 2017, the Group projects attributable profit of 33 billion yen, operating income of 48 billion yen and net sales of 370 billion yen. This represents an year-over-year growth of 5.8 percent, 13.8 percent and 5.0 percent, respectively.

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