Japanese refiner Cosmo's quarterly profit dips 62%

摘要

Tokyo-Japanese refiner Cosmo Oil's net profit dropped 62% from a year ago to Yen 4.8 billion (41.71 million) for the April-June quarter on poor product margins, the company said August 4.Pretax profit fell 40.2% from a year ago to Yen 13.90 billion, in the June quarter although revenue rose 19.9% to Yen 691.83 billion.