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Japanese healthcare staffing provider SMS Co Ltd (2175: JP) reported revenue during the first half of the year ending 30 September 2013 of JPY 6.42 billion (USD 65.3 million), an increase of +18% compared with revenue of JPY 5.44 billion (USD 55.4 million) last year.
The company reported an operating profit of JPY 1.34 billion (USD 13.6 million) but provided no comparison for the previous year. Pre-tax profit for the period rose by +32% to JPY 1.65 billion (USD 16.8 million) from JPY 1.25 billion (USD 12.7 million) year-on-year. Net profit for the half year rose to JPY 1.08 billion (USD 11 million), an increase of +35.5% from JPY 797 million (USD 8.1 million) a year ago.
Looking forward, SMS Co expects to report full year revenue of JPY 12.5 billion (USD 127.2 million) for the full year ending 31 March 2014. The company predicts that they will achieve an operating profit of JPY 1.8 billion (USD 18.3 million), a pre-tax profit of JPY 2.26 billion (USD 23 million), and a net profit of JPY 1.4 billion (USD 14.2 million).
In trading today, the company’s share price rose by +1.1% to JPY 2,214 (USD 22.53), an increase of +152.2% compared with a year ago. Based on its current share price, the company has a market value of JPY 46.4 billion (USD 472.2 million).