Sumitomo Densetsu Reports Robust Financial Growth for 2024

Sumitomo Densetsu Co ( (JP:1949) ) just unveiled an announcement.

Sumitomo Densetsu Co., Ltd. reported consolidated financial results for the nine months ending December 31, 2024, showing significant growth across key financial metrics. Net sales increased by 10.4% to ¥139,977 million, while operating profit surged by 64.9% to ¥9,896 million and ordinary profit rose by 59.0% to ¥10,733 million. The profit attributable to owners of the parent grew by 58.6% to ¥7,116 million. This performance underscores the company’s strong market positioning and operational efficiency, with a notable increase in basic earnings per share from the previous year. The company also maintained a robust financial position with a capital adequacy ratio of 60.0%. The announcement reflects positively on Sumitomo Densetsu’s financial health and strategic execution, offering promising implications for stakeholders.

More about Sumitomo Densetsu Co

Sumitomo Densetsu Co., Ltd. operates in the construction industry and is listed on the Tokyo Stock Exchange. The company specializes in electrical engineering services, focusing on infrastructure and industrial projects.

YTD Price Performance: -3.84%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.06B

See more data about 1949 stock on TipRanks’ Stock Analysis page.