Despite the decline in the bottom line, the company managed to post growth in its core operational metrics. Operating profit climbed to 229 million yen from 211 million yen, while pretax profit rose to 241 million yen compared to 227 million yen a year earlier. These gains, however, were offset by lower top-line performance, with total revenue slipping to 7.55 billion yen from 7.84 billion yen. Earnings per share followed the downward trend in net profit, falling to 6.59 yen from 9.28 yen. These results were prepared in accordance with Japanese accounting standards.
Studio Alice Quarterly Profits Slide to 111 Million Yen
A 29 percent drop in net profit marks a challenging start to the fiscal year for Studio Alice Co. Ltd., as the Japanese photography chain reported 111 million yen in earnings for the first quarter ending May 31, down from the 157 million yen recorded during the same period last year.
When reusing this material a link to Money Talk is required.
Comments (0)
No comments yet. Be the first!