Japan's JERA Q2 profit up 12% on stronger overseas business
The logo of JERA Co., Inc., the world's biggest LNG buyer, is displayed at the company office in Tokyo, Japan July 14, 2017. REUTERS/Issei Kato
TOKYO :JERA, Japan's biggest utility, on Friday posted a 12 per cent increase in net profit for the three-month period ended in September to 156.2 billion yen ($1 billion), backed by improving overseas and renewable-energy power business.
JERA, a joint venture between Tokyo Electric Power Company and Chubu Electric Power Company, kept its full-year profit forecast unchanged at 230 billion yen, it added.
($1 = 150.7800 yen)
Source: Reuters
