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Nippon Electric Glass Co ( (JP:5214) ) has provided an announcement.
Nippon Electric Glass Co., Ltd. announced its consolidated financial results for the fiscal year ended December 31, 2024. The company experienced a significant turnaround, reporting net sales of 299,237 million yen, a 6.9% increase year-on-year. The return to profitability, with a profit attributable to owners of parent of 12,091 million yen, marks a substantial recovery from the previous year’s losses. The improved financial performance is attributed to increased sales and effective cost management, enhancing the company’s market position and providing positive implications for stakeholders, including an increased annual dividend.
More about Nippon Electric Glass Co
Nippon Electric Glass Co., Ltd. operates in the glass manufacturing industry and is listed on the Prime Market of the Tokyo Stock Exchange. The company specializes in producing high-quality glass products and materials, focusing on innovation and serving a diverse range of markets.
YTD Price Performance: 8.97%
Average Trading Volume: 1,200
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.9B
Learn more about 5214 stock on TipRanks’ Stock Analysis page.
