JX Advanced Metals' Profit Falls 34% in Fiscal 2024

MT Newswires Live
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JX Advanced Metals Corp.'s (TYO:5016) profit attributable to owners of the parent fell 34% to 68.3 billion yen for the fiscal year 2024 from 102.6 billion yen a year ago.

The mining company's basic earnings per share dropped to 73.53 yen from 110.53 yen a year ago, according to a Tokyo bourse filing on May 9.

Net sales declined 53% to 714.9 billion yen in the fiscal year ended March 31 from 1.51 trillion yen a year earlier.

JX Advanced Metals declared a year-end dividend of 18.00 yen per share for the fiscal year 2025, payable from June 30.

For fiscal 2025, the company expects attributable profit of 58 billion yen or 62.47 yen per share, while net sales are expected to reach 740 billion yen.

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