Nippon Gas Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and Fiscal Year Ending March 31, 2020
July 30, 2019 at 11:30 am IST
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Nippon Gas Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of JPY 32,768 million compared to JPY 28,676 million a year ago. Operating income was JPY 3,436 million compared to JPY 1,804 million a year ago. Profit was JPY 2,151 million compared to JPY 1,016 million a year ago. Basic earnings per share was JPY 51.90 compared to JPY 23.83 a year ago.
For the six months ending September 30, 2019, the company expects consolidated net sales to be JPY 56,000 million. Operating income to be JPY 2,100 million. Profit attributable to owners of parent to be JPY 600 million. Basic earnings per share to be JPY 14.47.
For the fiscal year ending March 31, 2020, the company expects consolidated net sales to be JPY 135,000 million. Operating income to be JPY 10,500 million. Profit attributable to owners of parent to be JPY 5,600 million. Basic earnings per share to be JPY 135.02.
NIPPON GAS CO., LTD. is a Japan-based company principally engaged in the supply of gas, the sale of gas equipment and home equipment. The Company operates its business through two business segments. The Liquefied Petroleum Gas (LPG) segment conducts gas supply sales, simple gas business, gas equipment sales, and gas piping construction. The City Gas segment conducts city gas supply sales, gas equipment sales, and gas piping work.
Nippon Gas Co., Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2019 and Fiscal Year Ending March 31, 2020