Nippon Electric Glass: 1H 2008 profit up 62.6%

Nippon Electric Glass Co Ltd maintained a full-year net profit forecast of JPY 75 billion after net profit rose 62.6% to JPY 34.4 billion for the half-year to 30 September 2008.
Revenue was up 18.1% …

Nippon Electric Glass Co Ltd maintained a full-year net profit forecast of JPY 75 billion after net profit rose 62.6% to JPY 34.4 billion for the half-year to 30 September 2008. Revenue was up 18.1% to JPY 202.4 billion. Operating profit increased 48.5% to JPY 64.9 billion and ordinary profit rose 46.4% to JPY 62.2 billion. Earnings per share rose from JPY 44.3 to JPY 69.3 per share. An interim dividend of JPY 5 was declared and an annual dividend of JPY 11 per share is estimated, up from JPY 9 in 2007. Full-year revenue forecast is unchanged at JPY 430 billion to 31 March 2009.