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Inpex fiscal Q2 profit climbs 37.0% YOY

INPEX Corp. said its normalized net income for the fiscal second quarter ended Sept. 30 came to ¥42.17 per share, an increase of 37.0% from ¥30.77 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥61.59 billion, a gain of 37.0% from ¥44.94 billion in the prior-year period.

The normalized profit margin rose to 26.8% from 23.5% in the year-earlier period.

Total revenue climbed 20.1% year over year to ¥230.05 billion from ¥191.52 billion, and total operating expenses grew 5.8% on an annual basis to ¥131.46 billion from ¥124.22 billion.

Reported net income rose 28.8% on an annual basis to ¥10.13 billion, or ¥6.93 per share, from ¥7.86 billion, or ¥5.38 per share.

As of Nov. 13, US$1 was equivalent to ¥113.50.