RENOVA (JP:9519) has released an update.
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RENOVA, Inc. reported a significant increase in revenue by 58% year-on-year for the quarter ending June 30, 2024, despite a notable decrease in operating profit and profit for the period attributable to owners of the Parent by 80.9% and 75.5% respectively. The company’s total assets and equity attributable to owners of the Parent also saw a rise to 522,300 million yen and 103,992 million yen. RENOVA forecasts a continued revenue growth for the fiscal year ending March 2025, with an expected 60.5% increase in revenue but a 33.4% decrease in profit for the period attributable to owners of the Parent.
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