TOKYO (dpa-AFX) - Ricoh Co Ltd (RICOY), a Japanese manufacturing services company, reported Monday that its first-half profit attributable to owners of the parent declined 9.5 percent to 4.5 billion Japanese yen from 5 billion yen last year. Earnings per share were 6.25 yen, down from 6.90 yen last year.
Profit before income tax expenses increased 16.2 percent from last year to 17.7 billion yen. 16.2%
Sales grew 2.8% to 998.8 billion yen from 971.4 billion yen a year ago.
Domestic sales increased 5.6 percent to 385.1 billion yen, and Overseas sales grew 1.2 percent to 613.7 billion yen.
Looking ahead, for fiscal year ending March 31, 2018, the company expects loss attributable to owners of the parent of 7 billion yen or 9.66 yen per share, profit before income tax expenses of 4 billion yen, down 86.6% from last year, and operating profit of 10 billion yen, down 70.5 percent. Sales for the year are expected to be 2.04 trillion yen, up 0.5%.
Copyright RTT News/dpa-AFX