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Inpex fiscal Q1 profit climbs 98.3% YOY

INPEX Corp. said its normalized net income for the fiscal first quarter ended June 30 came to ¥38.95 per share, an increase of 98.3% from ¥19.64 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥56.88 billion, a gain of 98.3% from ¥28.69 billion in the year-earlier period.

The normalized profit margin rose to 26.1% from 14.5% in the year-earlier period.

Total revenue climbed 10.0% on an annual basis to ¥217.87 billion from ¥198.14 billion, and total operating expenses increased on an annual basis to ¥130.64 billion from ¥127.36 billion.

Reported net income rose 154.6% year over year to ¥20.02 billion, or ¥13.71 per share, from ¥7.86 billion, or ¥5.38 per share.

As of Aug. 8, US$1 was equivalent to ¥110.77.