Kobe Electric Railway Co., Ltd. (JP:9046) has released an update.
Kobe Electric Railway Co., Ltd. reports a modest increase in operating revenue by 1.4% and a significant rise in operating profit by 22.2% for the first quarter ended June 30, 2024, compared to the same period last year. The company’s financial position remains stable with a slight improvement in the equity ratio from 25.4% to 26.1%. However, the year-end forecast anticipates decreases in operating revenue and profit, with earnings per share expected to drop to 112.01 yen.
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