MODEC, Inc. Revises Consolidated Earnings Guidance for the Half Year of 2013 and Full Year Ending December 31, 2013
August 07, 2013
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MODEC, Inc. revised consolidated earnings guidance for the half year of 2013 and full year ending December 31, 2013. For the half year, the company expects revenue of JPY 100,000 million compared to previous forecast of JPY 100,000 million, operating profit of JPY 3,000 million compared to previous forecast of JPY 3,000 million, ordinary profit of JPY 9,800 million compared to previous forecast of JPY 7,200 million, net income of JPY 5,700 million compared to previous forecast of JPY 4,000 million and net income per share of JPY 122.83 compared to previous forecast of JPY 86.19.
For the full year, the company expects revenue of JPY 220,000 million compared to previous forecast of JPY 220,000 million, operating profit of JPY 4,000 million compared to previous forecast of JPY 4,000 million, ordinary profit of JPY 11,000 million compared to previous forecast of JPY 9,000 million, net income of JPY 6,500 million compared to previous forecast of JPY 5,200 million and net income per share of JPY 140.06 compared to previous forecast of JPY 112.05.
MODEC, INC. is a Japan-based company engaged in design, construction, installation and sales of floating offshore oil and gas production facilities, including floating production, storage and offloading system (FPSO), floating storage and offloading system (FSO) and tension leg platform (TLP), to oil developers. It is also engaged in leasing of its products, provision of operation services, as well as provision of chartered leasing and operation services. It also provides after-sale services, encompassing provision of parts for the Company's facilities and engineering support services.
MODEC, INC. 
