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JXTG Holdings fiscal Q3 profit climbs 222.6% YOY

JXTG Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, amounted to ¥26.92 per share, an increase of 222.6% from ¥8.34 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥66.92 billion, an increase of 222.6% from ¥20.75 billion in the prior-year period.

The normalized profit margin climbed to 3.2% from 1.0% in the year-earlier period.

Total revenue declined on an annual basis to ¥2.108 trillion from ¥2.136 trillion, and total operating expenses declined 8.6% year over year to ¥1.984 trillion from ¥2.170 trillion.

Reported net income came to ¥69.16 billion, or ¥27.82 per share, compared with a loss of ¥68.45 billion, or a loss of ¥27.53 per share, in the prior-year period.

As of Feb. 13, US$1 was equivalent to ¥113.90.