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Tokyo Gas H1 profit fall 84% on lower gas prices, announces share buyback

Channel News Asia LogoChannel News Asia1d ago

Tokyo Gas H1 profit fall 84% on lower gas prices, announces share buyback - Channel News Asia

Quick Summary:

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 lower gas prices at home and North America.

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

But the utility announced a fresh plan to buy back up to 40 billion yen of its own shares, in addition to an already-planned 40 billion yen buyback.


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Tokyo Gas H1 profit fall 84% on lower gas prices, announces share buyback - Channel News Asia (Picture 1)Tokyo Gas H1 profit fall 84% on lower gas prices, announces share buyback - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-30 @ 13:18:15 (1 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 339 words

Reading Time: 2 minutes read

Sentences: 12 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23336415

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 59 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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