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Emerging Markets Stock Digest: Flutter dropped significantly, Japan Information C hit the daily limit.
<3261> Gran 1246 -46 dropped significantly. For the third quarter of the fiscal year ending December 2024, the revenue was 2.606 billion yen (a decrease of 26.4% compared to the same period last year), and ordinary profit fell to 0.006 billion yen (a decrease of 85.3%), resulting in a deficit. In the real estate sales business, sales are recovering with the introduction of new products in the speculative housing sector, but revenue and profits are declining due to the delay in the sale of investment properties until the fourth quarter. In the construction business, revenue and profits have decreased due to a decrease in orders caused by rising prices and the high cost of raw materials.
Grand--- significant decline, dissatisfaction with performance in the third quarter of the fiscal year ending December 24.
Significant decline. In the third quarter of the fiscal year ending December 24, the revenue was 2.606 billion yen (a decrease of 26.4% compared to the same period last year), and ordinary profit fell to 0.006 billion yen (an 85.3% decrease), resulting in a deficit. In the real estate sales business, despite the introduction of new commodity etf for detached houses showing signs of recovery, revenue and profit decreased due to the sales of investment properties being in the fourth quarter. In the construction contracting business, revenue and profit decreased due to a decrease in orders caused by rising prices and high material costs. However, most of the delivery properties will be in the fourth quarter.
Grandes: Supplementary explanation of financial results for the 3rd quarter of the fiscal year ending 2024/12
Grandes: Summary of financial results for the 3rd quarter of the fiscal year ending 2024/12 [Japanese GAAP] (consolidated)
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