Japan's JERA posts 5.2% rise in annual profit
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JERA, Japan's largest power generation utility, reported a 5.2% increase in annual profit for the fiscal year ending in March, reaching 193.5 billion yen ($1.21 billion). This growth was driven by its overseas power generation and renewable energy sectors. However, JERA did not provide a performance forecast for the current fiscal year due to market uncertainties stemming from geopolitical tensions, particularly the U.S.-Israeli conflict and the closure of the Strait of Hormuz, a critical route for global oil and LNG.
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Source: CNA The copyright of this article belongs to the original author/organization.
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