Kyushu Electric Power Co., Inc. announced its second quarter financial results on October 31. Due to rising fuel prices and other factors, the company posted its first ordinary loss in eight fiscal quarters. Net sales increased 31% from the same period of the previous year mainly due to the impact of fuel cost adjustments resulting from higher fuel prices. However, the company posted an ordinary loss of 77.8 billion yen, its first loss in eight fiscal years, mainly due to higher fuel costs resulting from higher fuel prices and reduced operation of nuclear power plants. Source: Kyushu Electric Power / RKB
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