KPP Group Holdings reports 43% operating profit decline

KPP Group Holdings reported net sales of 159.3 billion yen for the quarter ended June 30, down 1.9% year-on-year.

Operating profit fell 42.8% to 1.7 billion yen, while ordinary profit declined 57.8% to 949 million yen. Profit attributable to owners dropped 21.8% to 1.3 billion yen.