Gecoss Corporation Faces Downturn in Quarterly Sales

Gecoss Corporation (JP:9991) has released an update.

Gecoss Corporation reported a decrease in net sales by 14.5%, and a drop in profit attributable to owners of the parent by 3.9% in the three months ending June 30, 2024, compared to the same period last year. Despite the downturn, operating income saw a 9% increase. The company’s full-year forecasts indicate a continued decline in financial performance, including a 10.3% decrease in net sales and an 8% decrease in profit attributable to owners of the parent.

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