Oval (JP:7727) has released an update.
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Oval Corporation reported a robust performance for the quarter ended June 30, 2024, with a significant increase in net sales by 15.4% and a surge in profit attributable to owners by 90.4% compared to the same period last year. Despite a strong quarter, the forecast for the full fiscal year ending March 31, 2025, predicts a decrease in net sales and profits, including a 20.2% drop in profit attributable to owners. The company also announced a stable dividend forecast, maintaining the previous year’s total payout with a slight increase at the year-end.
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