Nabtesco (JP:6268) has released an update.
Nabtesco Corporation reported financial results for the first half of FY2024, outperforming their previous forecasts with a net sales increase and higher operating income driven by strong demand in Automatic Doors Business and positive currency effects. Despite a shortfall in net sales for non-consolidated forecasts due to inventory adjustments and decreased demand in certain sectors, cost cutbacks and foreign exchange gains led to higher ordinary and net income than anticipated.
For further insights into JP:6268 stock, check out TipRanks’ Stock Analysis page.
