Shoei Foods' Profit Soars 129% in Fiscal Q1

MT Newswires Live17:22

Shoei Foods' (TYO:8079) profit attributable to owners of the parent soared 129% to nearly 1.1 billion yen for the fiscal first quarter from 477 million yen a year earlier.

The food manufacturer's basic earnings per share increased to 66.12 yen from 28.34 yen a year ago, according to a Tokyo bourse filing on Monday.

Net sales jumped 5.7% to 35.4 billion yen in the three months ended Jan. 31, from 33.4 billion yen in the prior year.

For the fiscal year ending Oct. 31, Shoei Food forecasts an attributable profit of 3.4 billion yen, basic EPS of 203.06 yen and net sales of 130 billion yen.

The company expects to pay a year-end dividend of 45.00 yen per share, which is higher than the 30.00 yen per share paid in the year-ago period.

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