Press Kogyo’s Q1 net profit drops 7.6% y/y to USD16.3 million
Company makes no changes to first-half and full-year FY 2018/19 financial outlook
Press Kogyo has reported 7.6% year-over-year (y/y) decline in net profit to JPY1.8 billion (USD16.3 million) for the first quarter ended 30 June 2018, the company said in a press release on 7 August. The company also witnessed 7.6% y/y drop in operating profit to JPY2.95 billion. Press Kogyo recorded decline in profit despite reporting 5.5% growth in net sales to JPY54.65 billion.
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