Oiles Corporation raised its first-half ordinary profit forecast from ¥3.23 billion to ¥3.59 billion, now expecting a 9.0% increase year on year. The announcement was made during afternoon trading on 6 August.
Oiles Corporation raised its first-half ordinary profit forecast during afternoon trading on 6 August, from the previous forecast of ¥3.23 billion to ¥3.59 billion. Ordinary profit is now expected to increase 9.0% year on year, while the full-year profit forecast remains unchanged.
The upward revision reflects an improved profit outlook for the April-September period. In the latest April-June results, the operating margin on sales improved to 11.1% from 10.0% in the same period a year earlier.