Chiyoda Corp (6366.T)
22 Jan 2018
Latest Key Developments (Source: Significant Developments)
Ezra Holdings responds to article "Japanese duo warn of impairments on stakes in Emas Chiyoda Subsea"
Ezra Holdings Ltd
Ezra Holdings Limited : EMAS Chiyoda subsea consortium clinches US$1.6 billion contract from Saudi Aramco . Consortium of EMAS Chiyoda subsea and Larsen & Toubro Hydrocarbon Engineering (LTHE) awarded US$1.6 billion EPCI project in the Arabian gulf . Deal will see EMAS Chiyoda subsea and LTHE provide integrated engineering, procurement, construction and installation services .Deal will see EMAS Chiyoda subsea and LTHE provide services for development of second phase of the Hasbah offshore gas field. Full Article
Nikkei: Chiyoda seen winning LNG plant order in Indonesia; order will likely be worth roughly 100 billion yen in all - Nikkei . Chiyoda's Indonesia plant expected to go onstream in 2020 with annual output capacity of 3.8 mln tons - Nikkei .LNG produced at Chiyoda's Indonesia plant will be sold to Indonesia's state-owned utility, Japan's Kansai Electric Power - Nikkei. Full Article
Chiyoda Corp:Says it expects an extraordinary loss of 4,500 million yen recorded as impairment loss in UK-based unit for the fiscal year ending March 2016. Full Article
Chiyoda Corp:Says the company lowered the consolidated full-year outlook for revenue to 580,000 mln yen from 600,000 mln yen for the fiscal year ending March 31, 2016.Sees a decrease of operating profit forecast to 11,000 mln yen from 20,000 mln yen.Sees a decrease of ordinary profit forecast to 14,500 mln yen from 22,00 mln yen.Sees a decrease of net profit forecast to 2,500 mln yen from 12,000 mln yen.Sees a decrease of earnings per share to 9.65 yen from 46.33 yen.Says that increased cost and loss in unit as main reason for the forecast.Says it lowered year-end dividend forecast to 8 yen per share from 14 yen per share for the fiscal year ending March 2016. Full Article
ULAANBAATAR, Jan 4 Mongolia has delayed until 2019 the completion of a long-awaited $500-million airport project, originally expected this year, the transport minister said, a setback in efforts to diversify a mining-dependent economy.