NH Foods Limited Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months of the Fiscal Year 2020 and Full Year Ending March 31, 2020
July 31, 2019
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NH Foods Limited reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 304,760 million compared to JPY 304,378 million a year ago. Business profit was JPY 11,074 million compared to JPY 11,981 million a year ago. Profit was JPY 8,753 million compared to JPY 11,105 million a year ago. Basic earnings per share attributable to company were JPY 84.06 compared to JPY 103.32 a year ago. Diluted earnings per share attributable to company were JPY 84.03 compared to JPY 102.72 a year ago.
The company provided earnings guidance for the six months of the fiscal year 2020 and full year ending March 31, 2020. For the six months of the fiscal year 2020, on consolidated basis, the company expects net sales of JPY 640,000 million, business profit of JPY 21,000 million, profit attributable to the company of JPY 10,000 million, basic earnings per share attributable to company of JPY 97.17.
For the full year ending March 31, 2020, on consolidated basis, the company expects net sales of JPY 1,280,000 million, business profit of JPY 40,000 million, profit attributable to the company of JPY 18,500 million, basic earnings per share attributable to company of JPY 179.76.
NH Foods Ltd. is a food processing group organized around 6 sectors of activity:
- production and sale of fresh meat (61.5% of net sales): pork, beef and poultry;
- manufacturing and sale of processed foods (19.2%);
- manufacturing and sale of processed-meat products (11.2%): ham, sausages, mortadelle, pies, etc.;
- production and sale of dairy products (3%);
- production, processing and sale of fish and seafood (1.4%);
- other (3.7%).
At the end of March 2022, the group has 92 production sites worldwide.
NH Foods Limited Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Earnings Guidance for the Six Months of the Fiscal Year 2020 and Full Year Ending March 31, 2020