Nippon Denko Co., Ltd. (JP:5563) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Nippon Denko Co., Ltd. reported a decrease in net sales by 9.5% and a significant drop in profits attributable to owners by 30.8% in the first half of 2024, compared to the same period last year. Despite the downturn, the company experienced a rise in operating profit by 15.9% and in ordinary profit by 7.5%. They have also announced an increase in their dividend forecast for the end of the year 2024 to 10.00 yen per share, up from the previous 9.00 yen in 2023.
For further insights into JP:5563 stock, check out TipRanks’ Stock Analysis page.