Japan Airport Terminal Co upgrades 2QFY2011 forecast, FY2011 forecast down

Japan Airport Terminal Co reports the following consolidated and parent-only financial forecast for the six months ended 30-Sep-2010 and 12 months ended 31-Mar-2011 (Reuters, 04-Nov-2010):

• Three months ended 30-Sep-2010:
  • Sales: USD802.8 million, up from the previous forecast of USD779.4 million;
    • Parent-only: USD642.3 million, up from the previous forecast of USD625.0 million;
  • Operating profit: USD40.8 million, up from the previous forecast of USD29.6 million;
    • Parent-only: USD27.2 million, up from the previous forecast of USD22.2 million;
  • “Recurring profit”: USD38.3 million, up from the previous forecast of USD25.9 million;
    • Parent only: USD25.9 million, up from the previous forecast of USD21.0 million;
  • Net profit: USD14.8 million, up from the previous forecast of USD12.4 million
    • Parent-only:  USD9.9 million, down from the previous forecast of USD12.4 million;
• 12 months ended 31-Mar-2010:
  • Sales: USD1,680 million, up from the previous forecast of 1,643 million;
    • Parent only: USD1,359 million, up from the previous forecast of USD1,325 million;
  • Operating profit: USD50.6 million, down from the previous forecast of USD51.9 million;
    • Parent only: USD27.2 million, down from the previous forecast of USD34.6 million;
  • “Recurring profit”: USD34.6 million, down from the previous forecast of USD37.1 million;
    • Parent only: USD21.0 million, down from the previous forecast of USD30.9 million;
  • Net profit: USD7.4 million, down from the previous forecast of USD16.1 million;
    • Parent only: USD7.4 million, down from the previous forecast of USD18.5 million.

*Based on the conversion rate at USD1 = JPY80.9644

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