Nippon Paint sales revenue exceeded 34 billion
Release time:
14 Aug,2023
Recently, Nippon Paint Holdings Co., Ltd. disclosed its financial results for the first half of 2023. In the first half of this year, sales revenue reached 692.925 billion yen (about 34.7 billion yuan), a year-on-year increase of 11.4%; The net profit attributable to the parent was 60.898 billion yen (about 3 billion yuan), a year-on-year increase of 125.8%.
Recently, Nippon Paint Holdings Co., Ltd. disclosed its financial results for the first half of 2023. In the first half of this year, sales revenue reached 692.925 billion yen (about 34.7 billion yuan), a year-on-year increase of 11.4%; The net profit attributable to the parent was 60.898 billion yen (about 3 billion yuan), a year-on-year increase of 125.8%.
During the reporting period, sales increased by 11.4% year-on-year, due to the acquisition of subsidiaries of European coatings manufacturer DP JUB and the depreciation of the yen, as well as the construction coatings business in China, which is the main business, due to the normalization of economic activities in the context of the lifting of lockdowns in the epidemic cities. Affected by the increase in product prices, the sales profit margin improved, and the net profit attributable to the parent soared by 125.8% year-on-year.
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