TSE:3941Packaging
Rengo (TSE:3941) Valuation Check After Profit Guidance Cut And TRICOR Impairment Charges
What the revised guidance and TRICOR impairments mean for investors
Rengo (TSE:3941) has cut its full year profit outlook, even as sales guidance stays unchanged, after weaker profitability in its European heavy duty corrugated packaging business and substantial TRICOR related impairments.
The company now expects operating profit of ¥37,000 million, compared with an earlier outlook of ¥40,000 million. Profit attributable to owners of parent is now expected to be ¥21,000 million, instead of...