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JXTG Holdings fiscal Q2 profit climbs 304.2% YOY

JXTG Holdings Inc. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥23.71 per share, an increase of 194.1% from ¥8.06 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥81.03 billion, a gain of 304.2% from ¥20.05 billion in the year-earlier period.

The normalized profit margin rose to 3.3% from 1.1% in the year-earlier period.

Total revenue climbed 32.2% on an annual basis to ¥2.459 trillion from ¥1.861 trillion, and total operating expenses climbed 26.4% from the prior-year period to ¥2.326 trillion from ¥1.840 trillion.

Reported net income increased 81,397.7% on an annual basis to ¥104.32 billion, or ¥30.53 per share, from ¥128.0 million, or 5 sen per share.

As of Nov. 13, US$1 was equivalent to ¥113.50.