KEL Corporation Faces Q2 Earnings Decline

KEL Corporation (JP:6919) has released an update.

KEL Corporation reported a decline in its financial performance for the quarter ending June 30, 2024, with net sales, operating profit, and profit attributable to owners decreasing by 6.3%, 35.5%, and 33.5% respectively compared to the same period the previous year. The company’s earnings per share also dropped from 47.05 yen to 31.31 yen. Despite the downturn, KEL Corporation’s forecast for the full year anticipates a rebound, projecting increases in net sales and operating profit.

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