OXIDE Corp Faces Q1 Losses Amidst Modest Sales Growth

OXIDE Corp. (JP:6521) has released an update.

OXIDE Corporation reported a slight increase in net sales for the first quarter of 2024 but faced operating and ordinary losses, with net losses attributable to the owners of the parent company. The company’s total assets increased compared to the previous quarter, while the equity ratio decreased slightly. No dividends were paid, and forecasts suggest modest growth in net sales but continued losses for the fiscal year ending February 28, 2025.

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