Hitachi Zosen Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
February 01, 2018
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Hitachi Zosen Corporation reported consolidated earnings results for the nine months ended December 31, 2017. For the nine months, the company's net sales were ¥248,629 million against ¥258,803 million last year. Operating loss was ¥6,340 million against income of ¥1,453 million last year. Ordinary loss was ¥8,221 million against ordinary income of ¥344 million last year. Loss attributable to shareholders of company was ¥9,235 million or ¥54.79 per share against ¥1,594 million or ¥9.46 per share last year.
For the year ending March 31, 2018, the company expects net sales of ¥360,000 million, operating income of ¥6,500 million, ordinary income of ¥3,500 million, and profit attributable to shareholders of company of ¥2,000 million or ¥11.87 per basic share.
Hitachi Zosen Corporation is one of the Japanese largest engineering and building groups. Net sales break down by activity as follows:
- construction of environment protection units and systems (60.4%): waste water and waste processing units, soil sanitation systems, global heat prevention systems, etc. The group also develops a desalination and purification plants construction activity;
- manufacturing of industrial machines (28.2%): precision machines, iron and steel products manufacturing machines, industrial boilers, etc.;
- construction of infrastructures (8.4%): bridges, tunnels, underpasses, marine infrastructure, etc.;
- other (3%): primarily logistics services.
Hitachi Zosen Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018