Sumitomo Chemical Co (JP:4005) has released an update.
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Sumitomo Chemical Co., Ltd. reported an increase in sales revenue by 8.7% and a significant turnaround in net income to 24,383 million yen for Q1 FY2024, compared to a net loss in the previous year. The company’s total assets also grew, reaching 3,949,741 million yen as of June 30, 2024, with the equity attributable to owners of the parent at 1,022,977 million yen, which is 25.9% of total assets. Despite the positive first quarter, the company has not disclosed any forecasts for the first half of FY2024 due to prediction difficulties.
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