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Kyowa Kirin's Profit Surges 95% in Q1

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-- Kyowa Kirin's (TYO:4151) profit attributable to owners of the parent soared 95% to 12 billion yen for the first quarter from 6.17 billion yen a year earlier.

The pharmaceutical company's basic earnings per share increased to 22.99 yen from 11.78 yen a year ago, according to a Tokyo bourse filing on Thursday.

Revenue jumped 13% to 118.5 billion yen for the three months ended March 31, from 104.7 billion yen in the prior-year period.

For the year ending Dec. 31, the company expects profit of 75 billion yen, basic EPS of 143.27 yen, and revenue of 520 billion yen.

Kyowa Kirin plans to pay interim and year-end dividends of 35 yen per share, each, for the year, which is higher than the amount paid in the year-ago period.

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