Sumitomo ( (JP:8053) ) just unveiled an announcement.
Sumitomo Corporation announced its consolidated financial results for the nine-month period ending December 31, 2024, showing a growth in revenue and profit. The company reported a 5.0% increase in revenues and a 4.4% rise in profit before tax compared to the previous year. Despite these positive figures, comprehensive income for the period decreased by 28.9%. The company plans to increase its year-end dividend, reflecting confidence in its financial health and commitment to shareholder returns.
More about Sumitomo
Sumitomo Corporation is a major player in the trading and investment industry, with operations listed on the Tokyo Stock Exchange under the code 8053. The company is involved in a wide range of businesses globally, focusing on sectors such as metal products, transportation, infrastructure, media, and more.
YTD Price Performance: 1.61%
Average Trading Volume: 6,165
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $26.14B
For an in-depth examination of 8053 stock, go to TipRanks’ Stock Analysis page.