Alinco Incorporated (JP:5933) has released an update.
ALINCO INCORPORATED has reported a modest increase in net sales by 2.7% but faced significant declines in operating profit, ordinary profit, and profit attributable to owners of the parent for the first quarter of 2024, compared to the same period last year. The company’s consolidated financial position shows a slight improvement in total assets and equity-to-asset ratio as of June 2024. Despite the downturn in profits, ALINCO anticipates a growth in net sales and a substantial rise in operating profit for the full fiscal year ending March 2025.
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