tiprankstipranks
Resonac Holdings Reports Strong H1 2024 Financial Growth
Company Announcements

Resonac Holdings Reports Strong H1 2024 Financial Growth

Showa Denko KK (JP:4004) has released an update.

Don't Miss our Black Friday Offers:

Resonac Holdings Corporation reported a notable turnaround in its financial performance for the first half of 2024, with net sales increasing by 8.5% to ¥668,547 million and net income attributable to owners of the parent surging to ¥38,445 million compared to a loss in 2023. The company’s total equity also rose to ¥645,439 million, enhancing the stockholders’ equity ratio to 29.3%. Despite the positive outcomes, the company cautions that these forward-looking forecasts could be impacted by market conditions and currency exchange fluctuations.

For further insights into JP:4004 stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Japan Auto-Generated NewsdeskResonac Introduces Employee Share Incentive Scheme
TipRanks Auto-Generated NewsdeskShowa Denko KK Reports Strong Financial Turnaround in 2024
TipRanks Japan Auto-Generated NewsdeskResonac Holdings Updates 2024 Financial Forecast
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App