Japan's JX Holdings posts 6.5% decrease in full-year net profit

09 May 2013 09:14  [Source: ICIS news]

TOKYO (ICIS)--Japanese refiner JX Holdings posted on Thursday a 6.5% year-on-year decrease in its net profit for the full year ended 31 March 2013 to yen (Y) 159.5bn ($1.6bn) from the previous year partly on a decline in the margins of petroleum products.

Operating profit in the full year fell by 23% to Y251.5bn from the previous year, while net sales rose by 4.6% to Y11,219.5bn.

Ordinary profit in the energy segment during the full year declined by 31% year on year to Y161.6bn, while net sales increased by 6% to Y9,699.6bn.

In the oil and natural gas segment, ordinary profit was down by 4% to Y93.6bn, while net sales fell by 7.8% to Y173.1bn.

($1 = Y98.82)

By: Tomomi Yokomura
+65 6780 4359

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