Bic Camera's Profit Rises 23% in Fiscal H1

MT Newswires Live04-10 18:19

Bic Camera's (TYO:3048) profit attributable to owners of the parent climbed 23% to 11.1 billion yen in the fiscal first half from 9.01 billion yen a year earlier.

The electronics retailer's earnings per share increased to 64.74 yen from 52.57 yen a year ago, according to a Tokyo bourse filing on Friday.

Net sales rose 6% to 508.4 billion yen for the six months ended Feb. 28, from 479.5 billion yen in the prior year.

In a separate filing, Bic Camera raised its forecast for the fiscal year ending Aug. 31, after first-half results exceeded initial expectations.

The company now expects attributable profit of 18.4 billion yen from 17.5 billion, EPS of 107.45 yen from 102.21 yen, and net sales of 1.022 trillion yen from 1.013 trillion yen.

Bic Camera also lifted its full-year dividend to 43 yen, compared with an initial forecast of 41 yen.

The current year payout included a year-end dividend of 23 yen per share.

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