Daido Steel Co (JP:5471) has released an update.
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Daido Steel Co. reported a slight decrease in revenue for the six-month period ending September 2024, despite a moderate increase in operating profit and profit before tax. The company’s earnings per share grew slightly, reflecting the impact of a recent stock split. Looking forward, Daido Steel has adjusted its financial forecast, anticipating minimal growth in full-year revenue and a decline in profits.
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