Business
Galilei Co: Sales rose 14% but profit is forecast to decline; 2-for-1 stock split planned for January 2025
Galilei Co: Sales rose 14% but profit is forecast to decline; 2-for-1 stock split planned for January 2025
About this update from Galilei Co.ltd.
Net sales grew 14.0% year-over-year, with operating profit up 5.1%, but ordinary profit and net income declined. A 2-for-1 stock split is set for January 2025, and full-year profit is forecasted to decrease despite higher sales.Original document: This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.