AGC (JP:5201) has released an update.
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AGC Inc. reported a challenging first half of 2024, with a decrease in operating profit by 11.9% and a shift from a profit to a loss before tax, indicating a significant downturn compared to the previous year. Despite this, the company maintained its dividend payment at 105.00 yen for the second quarter and forecasts a total annual dividend of 210.00 yen. The company’s financial position shows an increase in total assets and equity, although AGC Inc. anticipates a revision in the FY2024 forecast, acknowledging uncertainties in the market and currency fluctuations.
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