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JGC Reports Q2 Foreign Exchange Losses

JGC Reports Q2 Foreign Exchange Losses

JGC (JP:1963) has released an update.

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JGC Holdings Corporation reported foreign exchange losses of ¥3.41 billion in the second quarter of fiscal year 2024, primarily due to valuation changes of foreign currency assets and liabilities. This follows foreign exchange gains of ¥3.96 billion in the first quarter, highlighting the impact of fluctuating exchange rates on the company’s financial performance.

For further insights into JP:1963 stock, check out TipRanks’ Stock Analysis page.

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