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Trading house Marubeni Corp. said Wednesday its group operating profit for the April-June quarter surged 237.9 percent from a year earlier to 17.36 billion yen due to cuts in marketing and administrative expenses.

In its consolidated earnings report based on U.S. accounting standards, Marubeni said its net profit also soared 16.68 times to 10.11 billion yen, while revenues fell 0.2 percent to 1.939 trillion yen.

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