Tokyo Gas H1 net profit down 84% y/y on higher costs

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TOKYO : Tokyo Gas, Japan's biggest city gas provider, on Wednesday posted 17.2 billion yen ($112 million) in first-half net profit to end-September, down 84 per cent from the same period a year earlier, hit by rising expenses and other costs.

A natural gas pipeline and the Tokyo gas logo are seen in this illustration taken January 4, 2023.

The company kept its net profit forecast for the fiscal year to end-March 2025 at 81 billion yen.

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Category: EconomyBusiness

Markets: SingaporeAustraliaJapan

Topics: Illustration Pipeline Tokyo Experience Mediacorp Billion Natural Profit Year Seen Logo

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:18:15 (3 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 144 words

Reading Time: 1 minutes read

Sentences: 12 lines

Sentence Length: 12 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23335222

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