Daiki Aluminium hits near 3-week high on profit outlook hike

Daiki Aluminium Industry Co

20/03/2018 02:15

** Secondary aluminium alloy ingots maker Daiki Aluminium
Industry Co Ltd  5702.T  jumps as much as 10 pct to 813 yen, its
highest since March 1 
    ** Co raises net profit outlook for FY ending March 2018 to
4.56 bln yen ($42.93 mln) from 4.17 bln yen 
    ** Also raises year-end dividend payout outlook to 10 yen
per share from 8 yen
    ** As of previous close, stock down 15.93 pct so far this
year
    ** As of 0208 GMT, about 1.42 mln shares of the Osaka-based
company change hands, about 356.3 pct of their 30-day moving
average of 399,090 shares 

 (Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net)


($1 = 106.2100 yen)