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Updated · MarketWatch · May 11Pola Orbis Holdings reports higher first-quarter net profit
6 articles · Updated · MarketWatch · May 11
- Net profit rose to Y2.46 billion from Y1.31 billion in the quarter ended 31 March, while pretax profit increased to Y6.26 billion from Y2.47 billion.
- Operating profit climbed to Y4.93 billion from Y4.15 billion, despite revenue slipping to Y40.83 billion from Y41.31 billion.
- Per-share earnings nearly doubled to Y11.13 from Y5.92, with results prepared under Japanese accounting standards.
With profits soaring but revenue falling, is Pola Orbis's pivot from China a masterstroke or a temporary illusion? Despite strong profits, why did a major bank issue a 'Sell' rating on Pola Orbis amid its new strategic push? Can Pola Orbis's classic J-beauty approach win in Southeast Asia against the dominance of trendy Korean rivals?