NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 2018; Provides Dividend Guidance for the Second Quarter and Year Ending March 2019
August 03, 2018 at 11:30 am IST
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NIC Autotec, Inc. announced consolidated earnings results for the first quarter ended June 2018. For the quarter, the company reported net sales of JPY 2,022 million compared to JPY 1,915 million a year ago. Operating profit was JPY 142 million compared to JPY 223 million a year ago. Ordinary profit was JPY 142 million compared to JPY 225 million a year ago. Profit attributable to owners of parent was JPY 94 million compared to JPY 151 million a year ago. Earnings of JPY 17.33 per basic share compared to JPY 27.86 per basic share a year ago.
For the second quarter the company provided dividend guidance of JPY 19.00 per share compared to JPY 16.00 per share paid a year ago.
For the year ending March 2019, the company expects to pay dividend of JPY 20.00 per share compared to JPY 23.00 per share paid for the same period a year ago.
NIC Autotec, Inc. is a Japan-based company mainly engaged in the manufacture and sale of industrial machinery and parts. The Company operates in three business segments. The Alfa Frame segment is engaged in the development, design, manufacture and sale of aluminum construction frames and auxiliary parts for frames under the brand ALFA FRAME SYSTEM. The Device segment develops, designs, manufactures and sells devices constructed from Alfa Frames, such as cleaning machines, conveyors and packaging equipment, inspection equipment and clean booth products, as well as aluminum structures, including equipment structures and safe covers, among others. The Trading segment is engaged in the provision of industrial grindstones, machinery and equipment such as cutting processing machines, tools such as end mills, bolts and drills, as well as lubricants.
NIC Autotec, Inc. Announces Consolidated Earnings Results for the First Quarter Ended June 2018; Provides Dividend Guidance for the Second Quarter and Year Ending March 2019
NIC AUTOTEC, INC. 
