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High crude prices helps sales grow at Cosmos Oil
11 Nov '08
4 min read
Net cash provided by financial activities stood at ¥110.2 billion mainly reflecting the borrowing of operating funds. As a result, cash and cash equivalents as of September 30, 2008 were ¥97.0 billion, up ¥14.3 billion from those as of March 31, 2008.
Qualitative Information regarding Consolidated Business Outlook:
As for the consolidated business outlook for the full year of FY2008, it is expected that the updated business outlook for the full year of FY2008 includes, under the influence of soaring crude oil prices, consolidated sales of ¥4,030.0 billion (up ¥330.0 billion), operating income of ¥78.0 billion (up ¥3.0 billion), ordinary income of ¥75.0 billion (up ¥2.0 billion) and net income of ¥19.0 billion (down ¥5.0 billion), compared with the previous announcement for the business outlook (made on May 9, 2008).
This latest business outlook is made based on the assumptions of an average crude oil price at US$102.5 per barrel and an exchange rate of ¥105.2 per US$ for the full year of FY2008.
Qualitative Information regarding Consolidated Business Outlook:
As for the consolidated business outlook for the full year of FY2008, it is expected that the updated business outlook for the full year of FY2008 includes, under the influence of soaring crude oil prices, consolidated sales of ¥4,030.0 billion (up ¥330.0 billion), operating income of ¥78.0 billion (up ¥3.0 billion), ordinary income of ¥75.0 billion (up ¥2.0 billion) and net income of ¥19.0 billion (down ¥5.0 billion), compared with the previous announcement for the business outlook (made on May 9, 2008).
This latest business outlook is made based on the assumptions of an average crude oil price at US$102.5 per barrel and an exchange rate of ¥105.2 per US$ for the full year of FY2008.
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