Japan's JX Holdings nine-month net profit down 42% in 2012

05 February 2013 04:45  [Source: ICIS news]

TOKYO (ICIS)--Japan’s JX Holdings posted on Tuesday a 42% year-on-year decline in its nine-month net profit to yen (Y) 91.9bn ($994m), partly because of lower margins for domestic petroleum products and decreased paraxylene (PX) prices driven by sluggish demand in Asia.

Operating profit for the nine months to 31 December 2012 was down by 42% to Y135.0bn from the same time a year earlier, while net sales rose by 3.4% to Y8,054.6bn.

In the petroleum refining and marketing segment, nine-month ordinary profit decreased by 62% to Y61.0bn, while net sales increased by 5.6% to Y6,974.4bn, according to JX Holdings.

($1 = Y92.42)

By: Tomomi Yokomura
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