FreeBit Co. Reports Decline in Quarterly Profits
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FreeBit Co. Reports Decline in Quarterly Profits

FreeBit Co., Ltd. (JP:3843) has released an update.

FreeBit Co., Ltd. has released its quarterly financial results, showing a decrease in net sales from 14,040 to 13,291 million yens and a drop in operating profit from 1,664 to 1,462 million yens year-over-year. Despite the decline in profits, the company’s capital adequacy ratio improved from 30.5% to 32.8%. The company also reported a decrease in basic earnings per share, from 43.26 yen to 40.75 yen.

For further insights into JP:3843 stock, check out TipRanks’ Stock Analysis page.

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