ARE Holdings' (TYO:5857) profit attributable to owners soared 60.4% to 11.4 billion yen in the fiscal nine months ended Dec. 31, 2024, from 7.1 billion yen a year ago.

The company, which collects and recycles precious and rare metals, said earnings per share (EPS) rose to 134.94 yen from 84.69 yen a year ago, according to a recent filing.

Revenue grew 67% to nearly 373 billion yen from 223.3 billion yen a year earlier.

ARE forecasts attributable profit to fall 46.3% to 13.1 billion yen or 172.53 yen per share and revenue to gain 49% to 480 billion yen for the fiscal year ending March 31. It expects to pay a final dividend of 40 yen per share.

Are Holdings shares gained 5% recently.

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