Sumitomo Rubber Industries (JP:5110) has released an update.
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Sumitomo Rubber Industries reported a slight increase in sales revenue for the first nine months of 2024 compared to 2023, but faced significant declines in operating profit and profit attributable to owners, signaling challenges in maintaining profitability. The company’s cash flow from operating activities decreased, while its cash flow from financing activities showed a marked improvement. Despite these mixed results, the company has maintained its dividend forecast for the fiscal year ending December 2024.
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