GS Yuasa’s Q1 net profit up 3% y/y to USD13.3 million
Company reaffirms full-year FY2019/20 guidance
Battery supplier GS Yuasa has reported 3% year-over-year (y/y) increase in net profit to JPY1.47 billion (USD13.3 million) in the first quarter ended 30 June 2019, the company said in a press release earlier this month. Net sales declined 6.4% y/y to JPY90.1 billion. Lower sales also resulted in the Japanese supplier reporting 30.1% y/y drop in operating income to JPY2 billion.
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