Hotel Newgrand Co. Ltd. reported earnings results for the year ended November 30, 2018. For the year, the company reported net sales of ¥5,117 million compared to ¥5,048 million a year ago. Operating profit was ¥30 million compared to loss of ¥363 million a year ago. Ordinary profit was ¥22 million compared to loss of ¥367 million a year ago. Loss was ¥35 million or ¥31.10 per basic share compared to ¥4,092 million or ¥3,684.72 per basic share a year ago.

For the six months ending May 2019, the company expects net sales of ¥2,540 million, operating loss of ¥80 million, ordinary loss of ¥85 million, loss of ¥90 million or ¥79.50 per basic share.

For the year ending November 2019, the company expects net sales of ¥5,360 million, operating profit of ¥50 million, ordinary profit of ¥40 million, profit of ¥36 million or ¥31.80 per basic share.