Kobe Electric Railway Co., Ltd. (JP:9046) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.
For further insights into JP:9046 stock, check out TipRanks’ Stock Analysis page.