Asia
Tadano's Profit Fall 45% in Q1; Net Sales Up
Tadano's (TYO:6395) profit attributable to owners of the parent fell 45% to 1.93 billion yen for the first quarter from 3.5 billion yen a year earlier.The Japan-based construction machinery maker's basic EPS declined to 15.29 yen from 27.60 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales jumped 6.6% to 85.85 billion yen for the three months ended March 31 from 80.5 billion yen in the prior-year period.For the year ending Dec. 31, the company expects attributable profit of 14 billion yen, basic EPS of 110.80 yen, and net sales of 400 billion yen. The full-year dividend is expected at 34 yen per share, to be paid equally in two tranches, lower than the 44 yen in the previous year.
TYO:6395
