Kirin Holdings' Profit Edges Up 11% in Q1; Shares Gain 4%
Kirin Holdings' (TYO:2503) profit attributable to owners of the parent rose 11% to 27.08 billion yen for the first quarter from 24.34 billion yen a year earlier.Shares gained over 4% in morning trade Friday.The beverage company's basic earnings per share increased to 33.46 yen from 30.05 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue climbed 5% to 573.03 billion yen for the three months ended March 31 from 545.85 billion yen in the prior year.For the year ending Dec. 31, the company expects attributable profit of 156.00 billion yen, basic EPS of 193 yen, and revenue of 2.480 trillion yen.Kirin Holdings forecasts interim and year-end dividends of 38 yen per share, each, for the year, higher than the 37 yen per share declared in the year-ago period for each of the second and fourth quarters.Kirin Holdings shares gained 2.8% in early trade.
