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JGC ( (JP:1963) ) has provided an announcement.
JGC Holdings Corporation announced a revision of its earnings forecast for the fiscal year ending March 2025, citing significant challenges in ongoing projects. The company faces increased costs and profitability issues due to project delays in Taiwan, subcontractor financial distress in Saudi Arabia, and increased construction costs in Canada. Despite these setbacks, JGC has decided to maintain its annual dividend forecast, emphasizing its current liquidity and strategic financial planning.
More about JGC
JGC Holdings Corporation operates in the engineering and construction industry, focusing on large-scale projects such as LNG terminal facilities and plants. The company is involved in projects across various countries, including Taiwan, Saudi Arabia, and Canada.
YTD Price Performance: 10.28%
Average Trading Volume: 430
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.31B
Find detailed analytics on 1963 stock on TipRanks’ Stock Analysis page.
