TOKYO (AFX-ASIA) – Nippon Oil Corp, Japan’s largest oil refiner and distributor, posted a net loss of 133.53 billion yen in the year to March 2004 due to a hefty charge for impaired assets. (US$1=110 yen). The loss compares with a profit of 32.28 billion yen the previous year. The refiner attributed the loss primarily…
JAPAN: Nippon Oil FY net loss 133.53 billion yen on impaired-assets charge
Posted on June 1, 2004 by EnergyAsia