Sumitomo Corp H1 net profit down 11% at 254 billion yen

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TOKYO : Japanese trading house Sumitomo Corp posted on Thursday net profit of 254 billion yen ($1.7 billion) for the six months to September, down 11 per cent from the corresponding period a year ago, partially hit by weak coal prices.

A man walks past the logo of Sumitomo Corp outside the company headquarters in Tokyo, Japan, May 9, 2016.

The company kept unchanged its net profit forecast for the fiscal year to March 2025 at 530 billion yen.

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Category: EconomyBusiness

Markets: SingaporeJapanMadagascarMali

Topics: Experience Tokyo Billion Corp Sumitomo September Year Mediacorp Profit Company Period

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-31 @ 12:19:40 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 148 words

Reading Time: 1 minutes read

Sentences: 14 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23345307

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