JX Holdings Reports 56% Decline In Net Profit, Lowers Forecast

JX Holdings Inc JXHLY reported a 56% drop in its group net profit for the first half of the fiscal year. JX Holdings' net profir for the period fell to Y126.7 billion, from Y286.7 billion, in the year-ago period. Group revenue rose 12% to Y5.08 trillion. For the full year to March, JX Holdings now projects net profit of Y170 billion on revenue of Y10.25 trillion, versus its earlier forecast of Y200 billion in net profit on Y10.3 trillion in revenue.