Resonac Holdings Updates 2024 Financial Forecast
Company Announcements

Resonac Holdings Updates 2024 Financial Forecast

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

Resonac Holdings Corporation has revised its 2024 financial forecast, predicting a decrease in net sales due to lower naphtha prices, while expecting a rise in operating and ordinary income driven by strong semiconductor demand. However, net income is projected to fall due to increased special losses. This revision reflects the company’s adaptation to changing market conditions and currency impacts.

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

Related Articles
TipRanks Auto-Generated NewsdeskShowa Denko KK Reports Strong Financial Turnaround in 2024
TipRanks Japan Auto-Generated NewsdeskResonac Holdings Restructures Petrochemical Business
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