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GREE Reports Financial Results with Increased Profits Despite Sales Decline

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GREE Reports Financial Results with Increased Profits Despite Sales Decline

The latest announcement is out from GREE ( (JP:3632) ).

GREE Holdings, Inc. announced its consolidated financial results for the six months ended December 31, 2024, showing a decrease in net sales by 5% year-on-year. Despite the decline in sales, the company experienced an increase in operating profit and ordinary profit by 3.9% and 4.6% respectively. Furthermore, the profit attributable to shareholders rose significantly by 32.6%. The company has suspended its earnings forecast for the fiscal year ending June 30, 2025, due to rapid changes in the business environment affecting its investment business, indicating uncertainty in market conditions.

More about GREE

GREE Holdings, Inc. is a company listed on the Tokyo Stock Exchange and is involved in industries related to investment businesses. The company operates under the Japanese GAAP and is influenced by market conditions due to rapid changes in the business environment.

YTD Price Performance: 4.18%

Technical Sentiment Consensus Rating: Strong Buy

Current Market Cap: $539.8M

See more data about 3632 stock on TipRanks’ Stock Analysis page.

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