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| Chiyoda reports revenue growth Chiyoda Corporation, Japan's leading engineering and construction firm, reported consolidated financial results for the fiscal year ended March 31, 2007. New contracts for the fiscal year were 557,707 million yen on a consolidated basis, a 30.7% decrease compared with the previous fiscal year. Overseas, new contracts decreased 41.8% to 402,409 million yen and increased 37.8% to 155,297 million yen in Japan. The backlog of contracts as of March 31, 2007 was 1,048,679 million yen. Consolidated revenues increased 24.1% to 484,895 million yen. Operating income rose 38.5% to 28,700 million yen, ordinary income rose 58.9% to 36,797 million yen and net income increased 21.3% to 23,531 million yen. Both ordinary income and net income were higher than forecast. Net income per share was 122.41 yen. Chiyoda plans to pay a year-end dividend of 15 yen per share. For the fiscal year ending March 31, 2008, Chiyoda forecasts consolidated new contracts of 250,000 million yen, revenues of 550,000 million yen, operating income of 30,000 million yen, ordinary income of 38,500 million yen and net income of 23,500 million yen, and plans to pay a year-end dividend of 18 yen per share. The assumed exchange rate is 115 yen to the U.S. dollar. write your comments about the article :: © 2007 Construction News :: home page |