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KeePer Technical Slides 4.9% After Reporting Drop in March Sales Amid Iran Tensions
KeePer Technical Laboratory Co., Ltd. <6036> snapped a four-day winning streak on the 6th. Following the release of its March sales report after Friday’s close, shares came under pressure as total sales slipped 4.9% year-on-year. The company attributed the decline to a tough year-on-year comparison following last year's pre-price hike rush demand, as well as vehicle delivery delays ahead of the April expiration of the environmental performance tax break. Additionally, volatile gasoline prices fueled by intensifying Iran tensions have reportedly weighed on consumer sentiment. Investors reacted poorly to the sales miss, triggering the stock's first retreat in nearly a week.
Source: MINKABU PRESS
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