Idemitsu posts Q1 loss, but less than year-ago

摘要

Tokyo—Japanese refiner Idemitsu Kosan posted a loss of Yen 1.25 billion ($13.36 million) for the January-March quarter, narrowing from a Yen 15.28 billion loss a year ago on the back of a pick-up in refining margins from early March, the company said April 28. Idemitsu Kosan’s net profit for fiscal 2009-2010 (April-March) came in at Yen 5.98 billion ($63.9 million), up 79.9% from a year ago as a result of lower one-off losses, the company said.