GA Technologies Reports 66.7% Increase in Attributable Profit For Nine Months; Shares Down 13%

GA Technologies (TYO:3491), a provider of real estate technology solutions, reported an attributable profit of 1.02 billion yen for the nine months ended July 31, a 66.7% year-on-year increase, according to a Thursday filing on the Tokyo Stock Exchange.

Earnings per share rose to 27.28 yen, up from 16.36 yen a year earlier. Net sales for the period were 131.64 billion yen, a 33% increase from the previous year.

The company forecasts a full-year attributable profit of 1.69 billion yen, EPS of 45.90 yen, and net sales of 185 billion yen for the fiscal year ending Oct. 31.

GA Technologies did not declare or forecast cash dividends for the fiscal year.

Shares of the company were down nearly 13% in recent trade.

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