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Food & Life Companies' Profit Jumps 50% in Fiscal H1

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-- Food & Life Companies' (TYO:3563) profit attributable to owners of the parent soared 50% to 17.8 billion yen in the fiscal first half from 11.9 billion yen a year earlier.

The food and beverage company's earnings per share increased to 154.95 yen from 103.69 yen a year ago, according to a Tokyo bourse filing on Friday.

Revenue jumped 25% to 254.2 billion yen in the six months ended March 31 from 203.8 billion yen in the prior year.

In a separate disclosure, Food & Life raised its forecasts for the fiscal year ending Sept. 30, citing better-than-expected performance of its international Sushiro segment.

The company now expects attributable profit of 30 billion yen from 24 billion yen initially, basic EPS of 264.26 yen from 211.91 yen, and revenue of 505 billion yen from 485 billion yen.

Food & Life also raised its year-end dividend forecast for the year to 40 yen per share from 35 yen per share.

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