Pioneer suspend earnings guidance

Pioneer Corp., a manufacturer of electronics products from Japan.Announced on Wednesday (9 November) that the suspension of expected results for the current financial year. Which ends in March 2555 due to a factory in Thailand. Affected by severe floods. And to suspend production at two factories in Thailand. Since October 8, the factory car stereo. And navigation systems with local intelligence caught up in the water.

The Pioneer states that are in the process of evaluating the impact of flooding. That are difficult to assess the impact on the overall business is now in place. It plans to announce financial results again on the 29th of November

During the 6 months since April. Until September this year. Profits from the operation of Pioneer rose 5 percent compared to the same period a year ago it was 7 billion yen, or 2,700 million baht, compared with sales initially, which was 213,700 million yen found. The net profit was down by 5.7% during the month of April. To September was 1,500 million yen, down 80.3% over the same period a year ago. The extra income from the sale of real estate.