UBE Industries (JP:4208) has released an update.
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UBE Corporation reported a significant decline in profits for the first half of 2024, with profit attributable to owners plummeting by 96.5% compared to the same period last year. Despite a 11.4% increase in net sales, the company faced challenges in maintaining profitability, highlighting potential concerns for investors. UBE’s forecast for the full fiscal year remains optimistic with expectations of improved profits.
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