ABC-Mart's Profit Balloons 15% in Fiscal H1

MT Newswires Live10-09

ABC-Mart (TYO:2670) recorded a 15% rise in attributable profit for the six months ended Aug. 31 to 24.1 billion yen from 21 billion yen during the year-ago period, a Wednesday filing on the Tokyo bourse said.

Basic earnings per share were 97.5 yen in the half year, up from 84.98 yen in the corresponding period of the last fiscal year.

The firm's net sales rose by 11% to 188.4 billion yen in the interim period from 169.5 billion yen a year prior.

The Japanese footwear company declared an interim dividend of 33 yen per share for the half-year.

The firm expects an attributable profit of 43.2 billion yen, basic earnings of 174.46 yen per share, net sales of 371.5 billion yen, and a total dividend of 66 yen per share for the fiscal year ending Feb. 28, 2025.

Shares of the company closed over 1% higher on Wednesday.

Price (JPY): $3091.00, Change: $+39, Percent Change: +1.28%

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