Japan's JX posts 44% increase in 9-month net profit

06 February 2014 05:46 Source:ICIS News

TOKYO (ICIS)--Japanese refiner JX Holdings on Thursday posted a 44% year-on-year increase in its nine-month net profit to yen (Y) 131.9bn ($1.30bn), partly on improved petrochemicals margins.

Operating profit for April-December 2013 rose by 49% to Y201.7bn, with net sales up 12% to Y9,004bn.

In the energy segment, nine-month ordinary profit stood at Y112.6bn, an 85% increase from the previous year, while net sales rose by 12% to Y7,810bn, due partly to increased prices of paraxylene (PX) and benzene, the refiner said in a statement.

Ordinary profit in the oil and natural gas segment increased by 9.1% year on year to Y81.3bn, with net sales up by 8.6% to Y147.0bn.

($1 = Y101.35)

By Tomomi Yokomura