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.
Price (JPY): $1753.00, Change: $+84, Percent Change: +5.03%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.