Japanese trading house Marubeni 
8002 on Friday posted 154.4 billion yen ($1 billion) in net profit for the quarter ended on June 30, up 8% from the same period a year ago and beating analysts’ forecasts.
A LSEG poll of analysts had expected Marubeni to post 138.36 billion yen in the first quarter net profit. In the same period of last year, Marubeni saw a net profit of 142.6 billion yen.
The company kept its net profit forecast unchanged at 510 billion yen for the fiscal year ending next March.
($1 = 150.9100 yen)
AloJapan.com