Lion (JP:4912) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Lion Corporation reports a robust first half of 2024, with a significant increase in profitability; net sales rose by 3% to ¥198,634 million, operating profit jumped by 113.9% to ¥13,357 million, and profit attributable to owners soared by 131% to ¥9,931 million. The company’s financial position remains strong with total equity at ¥304,326 million as of June 30, 2024. Earnings per share have more than doubled, and Lion forecasts continued growth with a year-end operating profit projection of ¥27,000 million, marking a 31.7% year-on-year increase.
For further insights into JP:4912 stock, check out TipRanks’ Stock Analysis page.
