S Foods Inc. Faces Profitability Decline

S Foods Inc. (JP:2292) has released an update.

S Foods Inc. reported a decline in profitability for the three months ended May 31, 2024, with significant drops in operating profit, ordinary profit, and profit attributable to owners, despite a slight increase in net sales. The company’s consolidated financial performance shows a downturn compared to the same period the previous year, with basic earnings per share also decreasing sharply.

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