Companies

Japan's Nippon Paint posts record profit on strong China demand

Growth in consumer products offset country's real estate slowdown

20240808N Nippon Paint

Nippon Paint's share of the consumer paint market in mid-tier Chinese cities increased. (Photo by Nanami Sato)

TAKAKO FUJIU, Nikkei staff writer
August 8, 2024 22:40 JST

TOKYO -- Nippon Paint Holdings's consolidated net profit grew 8.9% to a record 66.3 billion yen ($450 million) in the January-June half, lifted by strong retail sales in China.

The Japanese group's revenue increased 17.9% to 817.1 billion yen, and operating profit rose 12.8% to 94.4 billion yen, the company announced Thursday.

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