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.
Price (JPY): $1037.00, Change: $-150, Percent Change: -12.42%
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.