NIC Autotec, Inc. Announces Consolidated Earnings Results for the Quarter Ended December 2019; Provides Earnings Guidance for the Quarter Ending March 31, 2020
February 12, 2020 at 02:00 am
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NIC Autotec, Inc. announced consolidated earnings results for the quarter ended December 2019. For the quarter, the company reported net sales of ¥5,056 million against ¥6,442 million a year ago. Operating profit was ¥118 million against ¥571 million a year ago. Profit attributable to owners of parent was ¥68 million or ¥12.52 basic per share against ¥380 million or ¥69.89 basic per share a year ago.
The company provided earnings guidance for the quarter ending March 2020. For the quarter, the company expects net sales of ¥6,960 million, operating profit of ¥142 million, profit attributable to owners of parent of ¥74 million and basic earnings per share of ¥13.64.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC Autotec, Inc. Announces Consolidated Earnings Results for the Quarter Ended December 2019; Provides Earnings Guidance for the Quarter Ending March 31, 2020
NIC AUTOTEC, INC. 
