Niterra Logs Higher Fiscal H1 Net Profit; Revenue Up

MT Newswires Live10-30 16:46

Niterra (TYO:5334) posted over 110 billion yen in profit attributable to owners of the parent for the fiscal first half compared with 52.9 billion yen a year ago.

Basic EPS was 282.16 yen, compared with 133.15 yen a year earlier, according to a Tokyo Stock Exchange filing on Friday.

For the six months ended Sept. 30, revenue was 406.2 billion yen versus 351.2 billion yen previously, the Japanese spark plug and ceramics maker said.

Niterra declared an interim dividend of 119 yen per share, effective Nov. 30, which is higher than the forecasted 105 yen.

It plans to pay a year-end dividend of 119 yen per share, excluding the stock split that took effect Oct. 1, higher than the 105 yen previously planned.

In a separate filing, Niterra raised its full-year attributable profit forecast to 125 billion yen from 105 billion yen, EPS to 320.50 yen from 267.50 yen, and revenue to 810 billion yen from 790 billion yen.

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