Sala's (TYO:2734) profit attributable to owners of the parent jumped 34% to 3.19 billion yen for the fiscal first quarter from 2.38 billion yen a year earlier.
The living and energy services provider's basic earnings per share increased to 49.66 yen from 37.01 yen a year ago, according to a Tokyo bourse filing on Tuesday.
Net sales were up slightly by 0.4% to 66.2 billion yen for the three months ended Feb. 28 from 66 billion yen in the prior-year period.
In a separate filing, Sala said it recorded a non-operating gain of 313 million yen on the valuation of derivatives on forward exchange contracts during the quarter due to foreign exchange fluctuations.
This gain reflects the fair valuation of unsettled forward exchange contracts entered into by consolidated subsidiary Sala e Power to mitigate exchange-rate risks on imported materials for its biomass power generation, with contracts spanning from 2017 through 2039.
For the fiscal year ending Nov. 30, the company expects attributable profit of 5.2 billion yen, EPS of 80.98 yen, and net sales of 260,000 billion yen.
Sala plans to pay interim and year-end dividends of 16 yen and 17 yen per share, respectively, bringing the total to 33 yen for the current year, which is higher than the 32 yen paid in the year-ago period.
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