Maeda Road Construction Co., Ltd. Reports Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the First Half and Full Year of Year Ending ,Arch 31, 2020; Announces Year End Dividend for the Year Ended March 31, 2019, Payable on June 28, 2019 and Provides Dividend Guidance for the Year Ending March 31, 2020
The company provided earnings guidance for the first half and fiscal year 2020. For the first half, the company expects net sales of ¥102.5 billion, operating profit of ¥7.7 billion and profit attributable to owners of parent of ¥5.2 billion or ¥60.17 per basic share.
For the year ending March 31, 2020, the company expects net sales of ¥228.0 billion, operating profit of ¥18.8 billion and profit attributable to owners of parent of ¥12.5 billion or ¥144.64 per basic share.
The company announced year end dividend of ¥70.00 per share for the year ended March 31, 2019 against ¥55.00 per share a year ago. The dividend will be payable on June 28, 2019.
For the year ending March 31, 2020, the company expects to pay year end dividend of ¥100.00 per share compared to ¥70.00 per share declared for the year ended March 31, 2019.