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Kewpie's Profit Plummets 30% in Fiscal H1

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Kewpie's (TYO:2809) profit attributable to owners of the parent fell nearly 30% to 13.2 billion yen for the fiscal first half from 18.8 billion yen a year earlier.

The mayonnaise manufacturer's basic earnings per share declined to 95.95 yen from 135.27 yen a year ago, according to a Tokyo bourse filing on Thursday.

Net sales rose 3.9% to 261.6 billion yen for the six months ended May 31 from 251.9 billion yen in the prior-year period.

For the fiscal year ending Nov. 30, the company expects an attributable profit of 25.5 billion yen, EPS of 184.95 yen, and net sales of 530 billion yen.

Kewpie plans to pay a year-end dividend of 33 yen per share for the current fiscal year, which is higher than the 32 yen per share paid in the year-ago period.

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