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Cosmo Energy’s Q3 Financials Reflect Sales Growth Amid Profit Decline and Strategic Changes

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Cosmo Energy’s Q3 Financials Reflect Sales Growth Amid Profit Decline and Strategic Changes

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Cosmo Energy Holdings Co., Ltd. ( (JP:5021) ) has issued an update.

Cosmo Energy Holdings Co., Ltd. reported a slight increase in net sales for the third quarter of fiscal year 2024, despite facing declines in operating, ordinary, and attributable profits. The company announced a revision in its dividend payment forecast, indicating an increase from the previous announcement. The change in accounting policies, including the retrospective application of the Accounting Standard for Current Income Taxes, has affected their financial statements. A significant change in the scope of consolidation was noted with the inclusion of Sasebo Shikamachi Wind Power, G.K. and the exclusion of HD Hyundai Cosmo Petrochemical Co., Ltd.

More about Cosmo Energy Holdings Co., Ltd.

Cosmo Energy Holdings Co., Ltd. is listed on the Tokyo Stock Exchange and operates in the energy sector. The company is primarily involved in the production and distribution of petroleum and other energy-related products.

YTD Price Performance: -5.63%

Average Trading Volume: 387,633

Technical Sentiment Consensus Rating: Sell

Current Market Cap: Yen571.7B

For detailed information about 5021 stock, go to TipRanks’ Stock Analysis page.

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