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FINWIRES

Kobe Bussan's Profit Climbs 16% in Fiscal H1

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Kobe Bussan's (TYO:3038) profit attributable to owners of the parent rose 16% to 16.5 billion yen in the fiscal first half from 14.3 billion yen a year earlier.

The supermarket operator's earnings per share increased to 74.10 yen from 64.14 yen a year ago, according to a Tokyo bourse filing on Friday.

Net sales jumped 5.1% to 286.2 billion yen in the six months ended April 30 from 272.3 billion yen in the prior year.

For the fiscal year ending Oct. 31, the company expects attributable profit of 29.5 billion yen, basic EPS of 133.24 yen, and net sales of 566.5 billion yen.

Kobe Bussan plans to pay a year-end dividend of 32 yen per share for the current year, higher than the 30 yen per share paid in the year-ago period.

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