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Nittetsu Mining Co., Ltd. Reports Increased Sales and Revised Forecasts

Story Highlights
  • Nittetsu Mining reported a 17% increase in net sales for the nine months ending December 2024.
  • The company revised its dividend and financial forecasts, expecting a 16.2% sales growth by March 2025.
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Nittetsu Mining Co., Ltd. Reports Increased Sales and Revised Forecasts

Nittetsu Mining Co., Ltd. ( (JP:1515) ) has shared an announcement.

Nittetsu Mining Co., Ltd. reported a notable increase in net sales for the nine months ending December 31, 2024, with a 17% year-on-year rise. Despite this, the company faced a slight decline in operating profit by 1.4% compared to the previous year. The company also revised its forecast for cash dividends and financial results, indicating an expected full-year net sales growth of 16.2% and a 28.7% increase in profit attributable to owners of the parent by the end of March 2025.

More about Nittetsu Mining Co., Ltd.

Nittetsu Mining Co., Ltd. is a company listed on the Tokyo Stock Exchange, primarily involved in the mining industry. They focus on the production and distribution of mining products, with a significant presence in the Japanese market.

YTD Price Performance: 11.19%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €509.6M

Learn more about 1515 stock on TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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