FINWIRES · TerminalLIVE
FINWIRES

Curves' Profit Up 5.8% in Fiscal H1, Raises Full-Year Forecasts

By

Curves' (TYO:7085) profit attributable to owners of the parent rose 5.8% to 2.23 billion yen for the fiscal first half from 2.11 billion yen a year earlier.

The fitness facility operator's basic earnings per share increased to 24.22 yen from 22.90 yen a year ago, according to a Tokyo bourse filing on Monday.

Net sales jumped 9.8% in the six months ended Feb. 28, to nearly 20 billion yen from 18.2 billion yen in the prior year.

It declared a final dividend of 9 yen per share, payable from May 13.

In a separate filing, Curves raised its forecasts for the fiscal year ending Aug. 31, citing better-than-expected first-half results.

The company now expects attributable profit of 4.85 billion yen from 4.7 billion yen previously, basic EPS of 52.67 yen from 51.05 yen, and net sales of 42.3 billion yen from 41.3 billion yen.

Curves plans to pay a year-end dividend of 20 yen per share for the current year, which is higher than the 9 yen per share paid in the year-ago period.

In a separate disclosure, Curves said it will receive a dividend of 1.72 billion yen from its consolidated subsidiary, Curves Japan, following a resolution on April 13.

The dividend will be recorded as net sales in the non-consolidated settlement but will have no impact on the company's consolidated financial results for the fiscal year ending August 31.

Related Articles

Asia

SEM Holdings Controlling Shareholder Sells 9% Stake in Business

SEM Holdings (HKG:9929) said its controlling shareholder Yao Capital sold a 9% stake in the business to HH RSV-MIM Holdings, according to a Hong Kong bourse filing Friday.Shares of the electrical and mechanical engineering services fell over 10% in morning trade Monday.Yao Capital disposed 180 million shares of the firm for $13.2 million, reducing its stake from 75% to 66%, SEM said.

$HKG:9929
Asia

Market Chatter: Singapore to Likely Adjust Monetary Policy Amid Recession Fears

Singapore is likely to tighten its monetary policy at its April 14 review, amid global recession fears, according to a report by Bloomberg News on Monday.Citing a survey in which 15 out of 18 economists expected the Monetary Authority of Singapore to tighten its policy, the report said that the country's reliance on imported energy exposes it to the crisis in the Middle East.With fuel, transport and electricity costs rising, businesses are likely to face higher input prices, the report added.The MAS is also expected to update its inflation outlook, with the Ministry of Trade slated to release its latest report on economic performance during the first quarter of the year on Tuesday, the report noted.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$^STI
Asia

Litian Pictures to Raise HK$10 Million via Share Placement

Litian Pictures (HKG:9958) said it plans to place up to 68 million new shares at HK$0.156 apiece under its general mandate, raising net proceeds of about HK$10.3 million, according to an April 10 Hong Kong bourse filing.Shares of the film production company were down nearly 4% in late morning trade on Monday.The placing shares represent about 15.7% of the company's existing issued share capital.The placing price represents a discount of about 15% to the stock's last close and nearly 16.8% to the five-day average price, the filing said.Litian Pictures said net proceeds will be used for general working capital.

$HKG:9958