FILE PHOTO: The logo of Marubeni Corp is seen at the company headquarters in Tokyo, Japan, May 10, 2016. REUTERS/Toru Hanai/File Photo

Japan's Marubeni H1 net profit down 13% to 238.1 billion yen

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TOKYO : Japanese trading house Marubeni on Friday posted a net profit of 238.1 billion yen ($1.6 billion) in the six months to end-September on lower commodity prices, down 13 per cent from the same period a year earlier.

Last year, Marubeni's net profit for the April-September period was 251.3 billion yen. Marubeni kept its forecast for net profit for the fiscal year ending on March 31, 2025, unchanged at 480 billion yen.

($1 = 152.1200 yen)

Source: Reuters

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