logo
Plus   Neg
Share
Email

Kirin FY19 Profit Drops

Kirin Holdings Co. Ltd. (KNBWF.PK,KNBWY.PK), a Japanese manufacturer of alcohol beverages and soft drinks, reported Friday that its profit attributable to owners of the company for the full year fell 63.7 percent to 59.6 billion yen from 164.2 billion yen last year. Earnings per share plunged to 67.98 yen from 183.53 yen last year.

Normalized operating profit for the year was 190.7 billion yen, compared to 199.3 billion yen a year ago.

Revenue for the full year edged up 0.6 percent to 1.94 trillion yen from 1.93 trillion yen in the prior-year period.

Looking ahead to the next fiscal year, the company expects attributable profit of 115.5 billion yen, normalized operating profit of 191 billion yen, and revenues of 2.00 trillion yen.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pizza Hut's large Original Pan Pizza is now available at locations across the U.S. for $10.99. The fast food chain, a subsidiary of Yum! Brands Inc., said that fans can now get a large Original Pan Pizza with up to three of their favorite toppings, without needing to stretch their wallets. The Original Pan Pizza is a buttery golden-brown color. The U.S. Food and Drug Administration approved the first drug to treat adults and children aged 12 years and older with hypereosinophilic syndrome for six months or longer without another identifiable non-blood related cause of the disease. GlaxoSmithKline's Nucala (mepolizumab) is the first FDA-approved drug in nearly 14 years to treat this group of rare and debilitating blood diseases. Uber has won a legal battle to continue to operate in London, one of its largest markets. The ride-hailing company has been granted an 18-month license to operate in London after overturning the ban on an appeal for the second time. The Westminister Magistrates Court found Uber London Ltd. a "fit and proper" company to run the services in London.
RELATED NEWS
Follow RTT