Hotel Newgrand revises upwards interim earnings forecast

Hotel Newgrand (TSE:9720) announced an upward revision to its interim earnings forecast for the second quarter of fiscal year 2025, ending May 31, 2025. The company now expects sales of JPY 3.29 billion, up from the previous forecast of JPY 3.031 billion. Operating profit is projected to increase to JPY 319 million, a substantial rise from the earlier estimate of JPY 115 million. Similarly, recurring profit is revised upwards to JPY 303 million from JPY 99 million, and interim net profit soars to JPY 371 million from JPY 98 million.