Avantia Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended November 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending February 29, 2020 and Full Year Ending of August 31, 2020
January 10, 2020 at 02:50 pm IST
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Avantia Co.,Ltd. reported consolidated earnings results for the first quarter ended November 30, 2019. For the quarter, the company reported net sales of JPY 5,920 million compared to JPY 6,286 million a year ago. Operating loss was JPY 307 million compared to JPY 291 million a year ago. Loss was JPY 162 million compared to JPY 129 million a year ago. Loss per share was JPY 11.12 compared to JPY 8.86 a year ago.
The company provided consolidated earnings guidance for the six months ending February 29, 2020 and full year ending of August 31, 2020. For the six months, the company expects net sales of JPY 17,442 million, operating profit of JPY 379 million, profit attributable to owners of the parent of JPY 308 million and earnings per share of JPY 21.18.
For the full year ending August 31, 2020, the company expects net sales of JPY 41,789 million, operating profit of JPY 1,675 million, profit attributable to owners of the parent of JPY 1,263 million and earnings per share of JPY 86.64.
AVANTIA CO.,LTD., formerly SANYO HOUSING NAGOYA CO., LTD., is a Japan-based company principally engaged in the housing business. The Company operates in three business segments. The Housing segment is engaged in the construction and sale of custom-made housing with land and detached houses. The Condominium segment is engaged in the planning and sale of condominiums. The General Contract Work segment is engaged in the contract construction works, contract civil engineering works and contract piping works. The Company is also engaged in the brokerage and surveying of real estate properties.
Avantia Co.,Ltd. Reports Consolidated Earnings Results for the First Quarter Ended November 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending February 29, 2020 and Full Year Ending of August 31, 2020
AVANTIA CO., LTD. 
