NIC Autotec FY parent net profit falls, operating loss reported
Updated
Updated · MarketWatch · May 8
NIC Autotec FY parent net profit falls, operating loss reported
4 articles · Updated · MarketWatch · May 8
For the year ended 31 March in Japan, revenue slipped to Y6.31bn from Y6.65bn and pretax profit dropped to Y5.00m from Y222.00m.
The company posted an operating loss of Y13.00m versus a Y231.00m profit a year earlier, while earnings per share fell to Y4.47 from Y38.92.
NIC Autotec kept its annual dividend forecast unchanged at Y41.00, comprising Y20.00 at midyear and Y21.00 at year-end, under Japanese accounting standards.
As profits plummet, why is this Japanese company promising to maintain its generous dividend?
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