JXTG Holdings Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of ¥50.72 per share, compared with ¥15.56 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥126.11 billion, compared with income of ¥38.70 billion in the year-earlier period.
The normalized profit margin fell to negative 4.3% from 1.2% in the year-earlier period.
Total revenue fell 10.1% on an annual basis to ¥2.901 trillion from ¥3.226 trillion, and total operating expenses declined on an annual basis to ¥3.121 trillion from ¥3.164 trillion.
Reported net income came to a loss of ¥151.67 billion, or a loss of ¥61.00 per share, compared with income of ¥42.17 billion, or ¥16.96 per share, in the year-earlier period.
As of Feb. 13, US$1 was equivalent to ¥118.68.
