TOA Oil Co., Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended December 2017; Provides Earnings Guidance for the Six Months Ending June 2018 and Year Ending December 2018
On non-consolidated basis, for the year, the company reported operating income of ¥2,536 million, ordinary income of ¥2,847 million, profit of ¥2,529 million or ¥20.30 per basic share on net sales of ¥27,309 million against operating income of ¥2,825 million, ordinary income of ¥3,100 million, profit of ¥2,414 million or ¥19.41 per basic share on net sales of ¥27,874 million reported for the same period a year ago.
The company provided earnings guidance for the six months ending June 2018 and year ending December 2018. For the six months ending June 2018, the company expects operating income of ¥1,670 million, ordinary income of ¥1,610 million, profit attributable to owners of parent of ¥1,050 million or ¥8.44 per basic share on net sales of ¥15,300 million.
For the year ending December 2018, the company expects operating income of ¥3,890 million, ordinary income of ¥3,780 million, profit attributable to owners of parent of ¥2,290 million or ¥18.41 per basic share on net sales of ¥33,100 million.