F&M Co., Ltd. surged in the afternoon session and raised its full-year operating profit forecast. The move was reportedly driven by support for subsidy applications exceeding plan.
F&M Co., Ltd.'s share price surged in afternoon-session trading. The report said the company had raised its full-year operating profit forecast.
The reported factor behind the upward revision was that support for subsidy applications exceeded plan. The article did not mention specific amounts or periods, but said that the company's subsidy-related support activities had affected its earnings outlook.