IHI's Attributable Returns to the Black in Fiscal H1

MT Newswires Live11-06

IHI (TYO:7013) returned to the black with an attributable profit of 39.3 billion yen in the fiscal first half ended Sept. 30, from a loss of 137.6 billion yen a year ago due to recovering revenue and significant growth in civil aero engine sales.

Earnings per share (EPS) rose to 259.69 yen from a loss per share of 909.25 yen a year ago, according to a Wednesday filing.

The heavy industry manufacturer's revenue 61.1% to 757.5 billion yen from 470.3 billion yen a year earlier.

It forecasted an attributable profit of 85 billion yen or 559.55 yen per share and revenue to gain 21% to 1.6 trillion yen for the fiscal year ending March 31, 2025.

It declared an interim dividend of 50 yen per share, payable from Dec. 6.

The company expects to pay a year-end dividend of 70 yen per share for the current fiscal year.

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