TOKYO, April 30 Reuters JERA, Japan39;s biggest power generator, on Tuesday forecast its profit for the fiscal year ending next March to halve to 200 billion yen 1.3 billion on lower revenue from overseas power generation business.

JERA, the unlisted company jointly owned by Tokyo Electric Power and Chubu Electric Power, posted 399.6 billion yen in profit for the year ended March 31, up from 17.8 billion yen in the yearago period.

The power generator said results were driven by profit from overseas power generation and renewable energy business, as well as the time lag gain in the fuel price adjustment mechanism factors whose impact it expects to be smaller this year.

1 156.8500 yen

Reporting by Katya Golubkova; Editing by Sherry JacobPhillips

Source Reuters