Kirin Holdings Posts Wider FQ1 Loss

Kirin Holdings Co KNBWY posted a wider net loss for the fiscal first quarter ended March. Kirin Holdings posted a quarterly net loss of Y3.03 billion, versus a year-ago loss of Y2.11 billion. Kirin's sales rose 1.7% to Y497.29 billion from Y488.92 billion. Kirin Holdings' operating profit declined 23.3% Y25.31 billion from Y32.99 billion. Kirin Holdings shares closed at $12.49 yesterday.