OAT Agrio Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Dividend Guidance or the Year Ending December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018
May 10, 2018
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OAT Agrio Co., Ltd. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of ¥5,878 million compared to ¥5,307 million, operating profit of ¥1,809 million compared to ¥1,526 million, ordinary profit of ¥1,739 million compared to ¥1,481 million, profit attributable to owners of parent of ¥1,204 million or ¥222.61 per basic share compared to ¥1,010 million or ¥204.86 per basic share a year ago. Profit before income taxes was ¥1,739 million compared to ¥1,481 million a year ago.
The company provided dividend guidance of ¥36.00 per share for the year ending December 31, 2018 compared to ¥36.00 per share paid in last year.
The company provided consolidated earnings guidance for the year ending December 31, 2018. For the year, the company expects net sales of ¥15,290 million, operating profit of ¥1,913 million, ordinary profit of ¥1,895 million, profit attributable to owners of parent of ¥1,311 million or ¥242.33 per basic share.
OAT Agrio Co., Ltd. is a Japan-based company primarily engaged in the manufacture and sale of fertilizers and pesticides. The Company primarily provides insecticides, including benfuracarb, sodium oleate, alanycarb, tolfenpyrad, cyflumetofen, crystal toxin producing bacillus thuringiensis bacteria and propylene glycol esters of fatty acids; fungicides, including flutianil, oxpoconazole fumarate, potassium hydrogen carbonate and calcium polysulfide; herbicides, such as cyanate, as well as plant growth regulators, among others.
OAT Agrio Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Dividend Guidance or the Year Ending December 31, 2018; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2018