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Inpex fiscal Q2 profit falls YOY

INPEX Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 amounted to ¥66.23 per share, a decrease of 13.0% from ¥76.10 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥96.72 billion, a decline of 13.0% from ¥111.13 billion in the year-earlier period.

The normalized profit margin declined to 30.0% from 34.5% in the year-earlier period.

Total revenue totaled ¥322.72 billion, compared with ¥321.97 billion in the prior-year period, and total operating expenses climbed 11.1% year over year to ¥171.39 billion from ¥154.24 billion.

Reported net income fell 40.7% on an annual basis to ¥21.52 billion, or ¥14.74 per share, from ¥36.30 billion, or ¥24.86 per share.

As of Nov. 12, US$1 was equivalent to ¥122.92.