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Sumitomo Corp H1 net profit down 11% at 254 billion yen
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Sumitomo Corp H1 net profit down 11% at 254 billion yen
Oct 30, 2024 9:43 PM

TOKYO (Reuters) - Japanese trading house Sumitomo Corp ( SSUMF ) posted on Thursday net profit of 254 billion yen ($1.7 billion) for the six months to September, down 11% from the corresponding period a year ago, partially hit by weak coal prices.

In the April to September period last year, Sumitomo's ( SSUMF ) net profit was 285 billion yen. The company kept unchanged its net profit forecast for the fiscal year to March 2025 at 530 billion yen.

($1=152.8900 yen)

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