JX Holdings posts 262.2 billion yen net profit

Japan’s JX Holdings posted a consolidated net profit of ¥262.16 billion (US$3.03 billion) on revenues of¥ 2.235 trillion (US$26.1 billion) for the April-June quarter. A year-on-year comparison was not possible as this is the first quarter for which JX Holdings released its results. The company was formed on April 1 as a holding company following the merger of Nippon Oil, Japan’s largest refiner, and Nippon Mining Holdings, a miner and refiner. (August 3, 2010)
FIN, Japan