Flight Holdings Inc. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Full Fiscal Year Ending March 31, 2018
November 09, 2017
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Flight Holdings Inc. announced consolidated earnings results for the six months ended September 30, 2017. For the period, the company reported net sales of ¥1,052 million compared to ¥1,037 million a year ago. Operating profit was ¥63 million compared to ¥123 million a year ago. Ordinary profit was ¥73 million compared to ¥110 million a year ago. Profit attributable to owners of parent was ¥57 million compare to ¥98 million a year ago. Earnings per share were ¥6.13 compared to ¥10.37 a year ago. Profit before income taxes was ¥73.590 million compared to ¥110.387 million a year ago. Net cash provided by operating activities was ¥315.015 million compared to net cash used in operating activities of ¥376.039 million a year ago. Purchase of property, plant and equipment was ¥10.274 million compared to ¥4.920 million a year ago.
For full year ending March 31, 2018, the company forecast net sales of ¥2,500 million, operating profit of ¥260 million, ordinary profit of ¥250 million, profit attributable to owners of parent of ¥200 million and earnings per share of ¥21.15.
Flight Solutions Inc, formerly Flight Holdings Inc, is a Japan-based company mainly engaged in system development and maintenance. The Company operates through three segments. The Consulting & Solutions Business segment provides system consulting, system development and maintenance for business companies, mainly in the logistics and financial industries, as well as system development support using cloud services. The Service Business segment develops and sells Incredist series of electronic payment solutions and payment solutions for unmanned automated payment machines. The Electronic Commerce (EC) Solutions Business segment develops and sells EC-Rider business-to-business (B2B), an EC site development package for B2B transactions, as well as provides consulting and system development and maintenance related to the implementation of this package.
Flight Holdings Inc. Announces Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Earnings Guidance for the Full Fiscal Year Ending March 31, 2018
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