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FINWIRES

AGC Profit Rises 155% in Fiscal H1

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AGC (TYO:5201) posted a 155.4% year-over-year increase in profit attributable to owners of the parent to 35.51 billion yen for the six months ended June 30 from 13.91 billion yen.

The flat glass manufacturer's earnings per share increased to 167.45 yen from 65.59 yen a year ago, according to a Tokyo Stock Exchange filing on Tuesday.

Net sales jumped 10.6% to 1.101 trillion yen from 995.47 billion yen in the year-ago period.

For the fiscal year ending Dec. 31, the company forecasts an attributable profit of 77 billion yen, earnings per share of 363.12 yen, and net sales of 2.2 trillion yen.

The company plans to pay a fiscal year-end dividend of 105 yen per share.

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