TSE:4324Media
Dentsu Group (TSE:4324) Stock Can Q2 Profit Shift Its Loss Story
Dentsu Group stock closed at ¥3,778 today, capping a strong three month run, yet the real story sits in the profit line. Q2 basic earnings per share came in at ¥23.59 and net income reached ¥6,124 million, which marks only a small quarterly profit against a year of sizeable losses on a trailing basis.
The short term bounce will attract traders. Long term investors will be more focused on whether this early profit stabilizes the wider loss making trend and supports the case that Dentsu Group...