bullish
Copro-Holdings (7059 Jp) - 1Q Follow-Up - August 30, 2024
SUMMARY
- Earnings result summary: COPRO-HOLDINGS (hereafter the Company)' key consolidated figures increased sharply, including net sales of ¥6,870 mn (+27.1% YoY), operating profit of ¥418 mn (+77.2% YoY), ordinary profit of ¥432 mn (+40.2% YoY), and profit attributable to owners of parent (hereafter, net profit) of ¥265 mn (+39.0% YoY), achieving an impressive increase in sales and profits.
- COPRO CONSTRUCTION, the Company's core business providing construction technician dispatch services, contributed substantially to consolidated earnings growth, posting a 47.9% YoY increase in operating profit, driven by higher gross profit and a lower fixed cost ratio on the back of sales growth.
FY2025/3 Earnings Forecast: The demand from the construction industry, major client of the Company, is expected to remain strong due to urban development project related works, renovation works of aging infrastructure facilities, construction works of new semiconductor factories, and the like.
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