TOKYO (dpa-AFX) - Mitsubishi Estate Co., Ltd. (MITEY.PK), a Japanese real-estate developer, on Thursday posted a rise in earnings for the six-month period to September 30, amidst an increase in revenue.
For the first-half, the Tokyo-headquartered company reported a profit attributable to owners of parent at 76.342 billion yen or 57.71 yen per share, compared with 55.287 billion yen or 41.35 yen per share of last year.
Ordinary earnings were at 130.534 billion yen as against 94.631 billion yen, reported for the first-half of previous fiscal.
Operating income moved up to 142.078 billion yen from previous year's 111.658 billion yen.
Mitsubishi generated operating revenue of 594.565 billion yen for the half year, higher than 579.023 billion yen of last year.
Looking ahead, for the 12-month period to March 31, 2022, the company expects to report profit attributable to owners of parent of 165 billion yen or 124.75 yen per share, on operating revenue of 1.416 trillion yen. For the full-year, the real-estate developer intends to pay an annual dividend of 38 yen per share.
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