TonenGeneral expects net profit to double

ExxonMobil’s Japanese refining arm TonenGeneral Sekiyu K.K. expects its consolidated net profit for 2008 to hit ¥9.3 billion (US$101.30 million), double the ¥36 billion (US$392.13 million) it had forecast earlier, the company said in a statement. It lifted its forecast for operating profit by 148% to ¥121.7 billion (US$1.33 billion), while its pretax profit rose 134% to ¥131.3 billion (US$1.43 billion). (January 29, 2009)