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Toyo Engineering Reports Profit Decline Amidst Rising Sales and Dividend Plans

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Toyo Engineering Reports Profit Decline Amidst Rising Sales and Dividend Plans

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An update from Toyo Engineering Corporation ( (JP:6330) ) is now available.

Toyo Engineering Corporation reported a slight increase in net sales for the nine months ending December 31, 2024, with a notable decline in operating and ordinary profits compared to the previous year. Despite the reduced profits, the company has announced a forecasted year-end dividend increase for fiscal year 2025, and has included new subsidiaries and affiliates in its consolidation scope, which may influence its future financial performance.

More about Toyo Engineering Corporation

Toyo Engineering Corporation operates in the engineering and construction industry, providing comprehensive design, procurement, and construction services for industrial plants. The company focuses on sectors such as oil and gas, petrochemicals, and infrastructure development.

YTD Price Performance: 6.94%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €272.8M

See more insights into 6330 stock on TipRanks’ Stock Analysis page.

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