Revenue for the Japanese chemical manufacturer climbed to 2.96 billion yen, up from 2.59 billion yen in the previous year. However, this growth failed to translate into profitability as operating profit plummeted to 61 million yen from 216 million yen. Pretax profit followed a similar downward trajectory, falling to 121 million yen from 261 million yen.
In section Market Quotes
Sugai Chemical Industry Net Profit Drops to 84 Million Yen
84 million yen: that is the net profit Sugai Chemical Industry reported for the half-year ending September 30, marking a sharp decline from the 216 million yen recorded during the same period last year. Despite a rise in revenue, the company faced significant pressure on its bottom line across the board.
Earnings per share dropped to 64.89 yen, compared to 165.79 yen in the prior year. The company maintained its annual dividend forecast at 90 yen per share, with no dividend declared for the midyear period. These results were prepared in accordance with Japanese accounting standards.
Comments (0)
No comments yet. Be the first!