trending Market Intelligence /marketintelligence/en/news-insights/trending/MLVp3wNnYRawnaOhnY6WBA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Marubeni's metals segment books 34.5% YOY increase in fiscal Q1'20 earnings

Mining Exploration Insights December

Mining Exploration Insights: Dip in gold drilling weighs on results

Mining Exploration Insights: Is the exploration sector back on recovery?

State of the Market: Mining Q2-2019


Marubeni's metals segment books 34.5% YOY increase in fiscal Q1'20 earnings

Marubeni Corp.'s metals segment posted a 34.5% yearly increase in net profit to ¥17.61 billion from ¥13.09 billion for the three-month period that ended June 30, driven by the strong performance of its Australian iron ore business.

Revenue dropped 11% to ¥92.39 billion while gross trading profit fell 7.7% to ¥9.32 billion on lower margins at its non-ferrous and light metal units. Operating profit dropped 18.9% to ¥4.67 billion, according to an Aug. 2 release.

Australian iron ore miner's earnings this year are expected to increase by 62% year on year due to supply disruptions brought by the dam disaster at Vale SA's Feijao mine in January.

As of Aug. 2, US$1 was equivalent to ¥106.67.