ENEOS Holdings ( (JP:5020) ) has provided an update.
ENEOS Holdings has revised its forecast for the fiscal year 2024, anticipating a significant drop in operating profit to 25.0 billion yen due to declining oil prices and impairment losses in its Petroleum Products Business. However, when excluding inventory valuation and including discontinued operations, the operating profit is expected to rise by 20.0 billion yen, reflecting gains from the sale of shares in JX Advanced Metals.
More about ENEOS Holdings
ENEOS Holdings, Inc. operates in the energy sector, primarily focusing on petroleum products and advanced metals. The company is involved in the production, refining, and sale of oil and related products, with a significant market presence in Japan and globally.
YTD Price Performance: 10.98%
Average Trading Volume: 900
Technical Sentiment Signal: Sell
Current Market Cap: $16.86B
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