Imperial Hotel Ltd (JP:9708) has released an update.
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Imperial Hotel Ltd reports a 6.9% increase in net sales but a downturn in profits, with operating, ordinary, and profit attributable to owners declining by 15.7%, 13.8%, and 13.3% respectively for the quarter ending June 30, 2024. Despite a drop in profits, the equity-to-asset ratio saw an improvement from 65.5% to 69.6%. The company forecasts a further decline in operating and net profits for the fiscal year ending March 2025, revising its financial forecast accordingly.
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