Colowide Co. Sees Revenue Rise but Profits Fall

Colowide Co., Ltd. (JP:7616) has released an update.

Colowide Co., Ltd. reports a 10.7% increase in revenue for the first quarter ended June 30, 2024, but sees a decline in profits with a 39.7% drop from the previous year. Despite a positive revenue trend, both profit before tax and profit attributable to owners fell sharply. The company forecasts a 9.2% revenue growth for the full year, but anticipates a 30% decrease in profit attributable to owners of parent.

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