HOTEL NEWGRAND Reports Solid Financial Growth

HOTEL NEWGRAND CO., LTD. (JP:9720) has released an update.

HOTEL NEWGRAND CO., LTD. reports a strong financial performance with a 12.1% increase in net sales and a significant improvement in profitability, including an 80.4% rise in operating profit and a 245.4% surge in profit compared to the previous year. Their total assets slightly increased, while the net assets and capital adequacy ratio saw a substantial rise, indicating a solid financial position. Basic earnings per share grew to 328.91 yen, reflecting the company’s robust earnings growth.

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