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JXTG Holdings earnings soar in fiscal Q1'18

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JXTG Holdings earnings soar in fiscal Q1'18

JXTG Holdings Inc. reported profit attributable to owners of the parent for the first quarter at ¥145.1 billion, rising 663.4% from the ¥19 billion noted during the same quarter in fiscal 2017.

Total revenue for the quarter was pegged at ¥2.57 trillion, up 15% from the ¥2.23 trillion for the corresponding period in 2017. The company's operating income also noted a jump with ¥227.3 billion posted for the quarter, up 405% from the ¥45 billion noted during the first quarter of fiscal 2017.

The energy segment made up the bulk of the company's revenue with total revenue of ¥2.17 trillion for the quarter compared to the ¥1.87 trillion in the first quarter of fiscal 2017. The segment's operating income was pegged at ¥177.9 billion, climbing from the ¥23.4 billion in the same quarter in fiscal 2017. Profit attributable to owners of the parent was reported at ¥125.4 billion, markedly higher than the ¥13.1 billion posted during the corresponding period in 2017.

As of Aug. 7, US$1 was equivalent to ¥111.18.