Astroscale Narrows Nine-Month Losses

MT Newswires Live03-13

Astroscale's (TYO:186A) loss attributable to owners of the parent narrowed to 5.02 billion yen for the nine months ended Jan. 31 from a loss of 16.3 billion yen a year earlier.

The on-orbit services company's loss per share improved to 37.41 yen from 144.33 yen a year ago, according to a Tokyo bourse filing on Friday.

Revenue soared 195% to 4.42 billion yen from 1.50 billion yen in the prior-year period. Project income surged 125% to 8.35 billion yen from 3.71 billion yen.

In a separate filing, Astroscale recorded a foreign exchange gain of 123 million yen in the fiscal first quarter, primarily from revaluing foreign currency cash and loans at period-end exchange rates.

For the nine months, the cumulative foreign exchange gain stood at 2.45 billion yen.

For the fiscal year ending April 30, Astroscale expects a loss attributable to owners of the parent of 9.7 billion to 10.7 billion yen, basic loss per share of 72.15 yen to 79.59 yen, revenue of 5 billion to 6 billion yen, and project income of 11 billion to 13 billion yen.

The company does not plan to pay any dividends for the current fiscal year.

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