S Foods Inc. (JP:2292) has released an update.
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S Foods Inc. reported a decline in profitability for the six months ended August 31, 2024, with net sales increasing by 4.7% but operating profit, ordinary profit, and profit attributable to owners of the parent plummeting by 68.3%, 63.2%, and 83.0%, respectively. Despite the downturn, the company announced a dividend increase for the fiscal year ending February 28, 2025, and a forecast of 4.7% growth in net sales for the full year.
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