Q2 2022 ENEOS Holdings Inc Earnings Call Transcript
I am Ota, President of ENEOS Holdings. Let me express my sincere gratitude to our shareholders and investors for your continued support and advice on the business activities of the ENEOS Group. Now I will start explaining the financial results according to the PowerPoint slides in front of you.
Please turn to Page 3. These are the key headlines for the briefing today. First point is business environment. As you know, while resource prices have been rising due to the global economic recovery and supply constraints resulting from the progress in vaccinations against COVID-19, demand for domestic petroleum product continues to be weak, as is still below the level before the outbreak of COVID-19. On the other hand, there have been emerging changes accelerated by COVID-19, such as movement towards decarbonized and recycling oriented society and advancement in the data society.
Regarding financial performance, the first half recorded increased profit year-on-year, and we also expect higher profits for the full year
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