WORLD HOLDINGS Shows Mixed Mid-Year Financials

WORLD HOLDINGS CO.,LTD (JP:2429) has released an update.

WORLD HOLDINGS CO., LTD. reports a 22.5% increase in net sales for the first half of 2024, but with significant declines in operating, ordinary, and net profits by 36.0%, 34.7%, and 63.4% respectively compared to the previous year. The company’s total assets have increased slightly, with equity ratio showing a minor decrease. Despite the downturn in profits, a forecast for the full year of 2024 shows a 17.9% increase in net sales, though profits are expected to remain lower than the previous year.

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