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COLOWIDE Co. Faces Profit Decline Despite Revenue Growth
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COLOWIDE Co. Faces Profit Decline Despite Revenue Growth

Colowide Co., Ltd. (JP:7616) has released an update.

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COLOWIDE Co., Ltd. reports a 10.7% increase in revenue to 63,390 million yen for the quarter ended June 30, 2024, though profits have significantly decreased, with a 39.7% drop in profit to 1,520 million yen, and a 50.1% reduction in profit attributable to owners to 1,032 million yen. The company’s financial statements for the quarter have been reviewed by independent auditors, with no changes from the previously announced results.

For further insights into JP:7616 stock, check out TipRanks’ Stock Analysis page.

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