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Sumitomo Chemical Co ( (JP:4005) ) just unveiled an update.
Sumitomo Chemical Co. has reported its consolidated financial results for the third quarter of fiscal year 2024, showing a significant improvement in profitability compared to the previous year. The company’s sales revenue increased by 5.4% to 1,904,833 million yen, while net income attributable to owners of the parent reached 28,581 million yen, a turnaround from a loss in the previous year. This positive performance is attributed to favorable market conditions and improved operational efficiency, positioning the company well in the competitive chemical industry. The company has not revised its financial forecasts for the full fiscal year, indicating confidence in its strategic direction and market positioning.
More about Sumitomo Chemical Co
Sumitomo Chemical Co., Ltd. is a diversified chemical company based in Japan, listed on the Tokyo Stock Exchange. The company operates in various industries, offering products and services that include petrochemicals, energy and functional materials, IT-related chemicals, and health and crop science products, focusing on innovation and sustainable development.
YTD Price Performance: -0.68%
Average Trading Volume: 7,517
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: $3.53B
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