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Advantest H1 Profit Surges; Lifts FY Outlook - Quick Facts

Advantest Corp. (ATE) on Tuesday reported a surge in profit for the first half of fiscal 2018 from the prior year, reflecting strong revenue growth.

The company's net income attributable to owners of the parent for the first half of 2018 surged to 30.15 billion yen from 4.93 billion yen in the year-ago period. On a per share basis, earnings soared to 151.81 yen from 25.42 yen last year.

Operating income for the period rose 355.5 percent to 33.76 billion yen from 7.41 billion yen in the prior-year period.

Net sales for the half year grew 62.4 percent to 143.58 billion yen from 88.41 billion yen in the same period last year.

Looking ahead to fiscal 2018, Advantest has raised its full-year forecast. The company now forecasts sales of 265.00 billion, operating income of 53.00 billion yen, and net income attributable to owners of the parent of 46.00 billion yen.

Earlier, the company projected full-year sales of 230.00 billion yen, operating income of 34.50 billion yen, and net income attributable to owners of the parent of 27.80 billion yen.

Based on the first-half results, Advantest said it has resolved to make an interim dividend payment of 50.00 yen per share.

The company expects the year-end dividend forecast for the fiscal year ending March 31, 2019 to be 25.00 yen per share.

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