Ebara's Profit Rises 16% in Q1
Ebara's (TYO:6361) profit attributable to owners of the parent climbed 16% to 18.3 billion yen for the first quarter from 15.8 billion yen a year earlier.The industrial machinery manufacturer's earnings per share increased to 40.09 yen from 34.15 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue jumped 16% to 246.3 billion yen for the three months ended March 31 from 212.7 billion yen in the prior year.For the year ending Dec. 31, the company expects attributable profit of 99.5 billion yen, EPS of 217.91 yen, and revenue of 1.020 trillion yen.Ebara plans to pay interim and year-end dividends of 33 yen per share, each, for the current fiscal year, which is higher than the 28 yen interim and 31 yen year-end dividends paid in the year-ago period.