Yurtec reports 326% operating profit surge in Q1

Yurtec Corporation reported consolidated net sales of JPY 55,995 million for the first quarter, up 14.3% year-on-year. Operating profit surged 325.9% to JPY 2,127 million, while ordinary profit rose 63.9% to JPY 1,800 million.

The company's asset base decreased to JPY 214,848 million, down JPY 18,705 million from the previous fiscal year-end, primarily due to declining notes and accounts receivable for completed construction work.