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Honeys Holdings fiscal Q2 profit climbs YOY

Honeys Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Nov. 30, 2014, was ¥24.48 per share, a gain from ¥12.14 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥682.5 million, an increase from ¥338.8 million in the year-earlier period.

The normalized profit margin rose to 4.6% from 2.3% in the year-earlier period.

Total revenue grew year over year to ¥14.94 billion from ¥14.59 billion, and total operating expenses came to ¥14.01 billion, compared with ¥14.06 billion in the year-earlier period.

Reported net income increased year over year to ¥1.52 billion, or ¥54.41 per share, from ¥68.0 million, or ¥2.44 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.