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Inpex fiscal Q1 profit climbs 27.2% YOY

INPEX Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥80.39 per share, a gain of 27.2% from ¥63.19 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥117.41 billion, an increase of 27.2% from ¥92.28 billion in the year-earlier period.

The normalized profit margin increased to 34.4% from 30.5% in the year-earlier period.

Total revenue grew 12.8% year over year to ¥341.17 billion from ¥302.50 billion, and total operating expenses grew 11.7% year over year to ¥162.17 billion from ¥145.13 billion.

Reported net income grew 74.9% on an annual basis to ¥52.45 billion, or ¥35.91 per share, from ¥29.99 billion, or ¥20.53 per share.

As of Aug. 11, US$1 was equivalent to ¥102.12.