Stanley Electric’s H1 net sales drop 23.8% y/y to USD1.49 billion

Financial results

Net profit for the period was JPY3.77 billion compared to a profit of JPY15.70 billion in 2019

Stanley Electric reported a 23.8% year-on-year (y/y) fall in net sales at JPY155.81 billion (USD1.49 billion) for the first half of fiscal 2020, a company press release read on 29 October.

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