As the stock's decline narrowed in the afternoon session, Topy Industries raised its full-year operating profit forecast. It also indicated that operating profit for the first half is expected to rise 11%.
As price movements settled in the afternoon session, Topy Industries' share price showed a narrowing decline. No specific share price at the time of reporting was provided in the article, but the market reaction remained limited into the afternoon session.
The company disclosed that it had raised its full-year operating profit forecast.
Following the revision, first-half operating profit is expected to increase 11% year on year.