Japan's Kansai Electric posts 38% on-year decline in first-half net profit

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TOKYO : Japanese utility Kansai Electric on Wednesday posted 228.8 billion yen ($1.5 billion) in net profit for the six months ended in September, down 38 per cent from the same period a year earlier, hit by fuel price fluctuation.

The company kept its forecast for net profit for the fiscal year ending in March 2025 unchanged at 260 billion yen.

FILE PHOTO: Kansai Electric Power Co's Ohi nuclear power plant (from R-L) No.1, No.2.No.3 and No.4 reactors are seen in Ohi, Fukui prefecture, January 26, 2012.

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Category: EconomyBusiness

Markets: SingaporeJapan

Topics: Electric Mediacorp Experience Photo: Kansai Billion File Year Power Profit

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Article Type: News Report

Published On: 2024-10-30 @ 16:29:27 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

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