Intloop's Nine-Month Profit Falls 82%
Intloop's (TYO:9556) profit attributable to owners of the parent plunged 82% to 150 million yen for the first nine months ended April 30 from 852 million yen a year earlier.The consulting company's earnings per share declined to 12.81 yen from 88.56 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales jumped 21% to 29.9 billion yen from 24.8 billion yen in the prior year.In a separate filing, Intloop cut its attributable profit forecast to 650 million yen from 2.1 billion yen initially projected, net income per share to 69.23 yen from 224.27 billion yen, and net sales to 40 billion yen from 43.8 billion yen.The downward revision was due to faster-than-planned recruitment, which led to a time lag between hiring and revenue generation.Intloop does not plan to pay any dividends for the current year.
