Edition:
India

Mars Engineering lowers consolidated full-year outlook for FY 2016


Friday, 1 Apr 2016 

Mars Engineering Corp:Says the company lowered the consolidated full-year outlook for revenue to 26,440 mln yen from 30,000 mln yen for the fiscal year ended March 31, 2016.Sees a decrease of operating profit forecast to 4,470 mln yen from 5,920 mln yen.Sees a decrease of ordinary profit forecast to 4,840 mln yen from 6,330 mln yen.Sees a decrease of net profit forecast to 3,070 mln yen from 4,170 mln yen.Sees a decrease of earnings per share to 179.43 yen from 243.58 yen.Comments the equipment renewal and less new stores are the main reasons for the forecast. 

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