tiprankstipranks
Nippon Tungsten Reports Strong Quarter Start
Company Announcements

Nippon Tungsten Reports Strong Quarter Start

Nippon Tungsten Co., Ltd. (JP:6998) has released an update.

Don't Miss Our Christmas Offers:

Nippon Tungsten Co., Ltd. has reported a positive financial performance for the first quarter ended June 30, 2024, with net sales increasing by 10.4% and operating profit by 18.6% compared to the previous year. Despite a challenging previous year, the company also saw a rise in profit attributable to owners by 5.1% and announced a year-end dividend forecast of 50 yen per share. These results indicate a solid start to the fiscal year for the company, reflecting a turnaround from the downturn experienced in 2023.

For further insights into JP:6998 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App