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Mitsui Sugar fiscal Q1 profit climbs YOY

4305435 said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥46.48 per share, a gain from ¥45.05 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.24 billion, a gain from ¥1.20 billion in the prior-year period.

The normalized profit margin increased to 5.4% from 5.0% in the year-earlier period.

Total revenue decreased year over year to ¥22.95 billion from ¥24.04 billion, and total operating expenses declined year over year to ¥22.09 billion from ¥22.84 billion.

Reported net income grew 6.1% from the prior-year period to ¥1.27 billion, or ¥47.59 per share, from ¥1.20 billion, or ¥44.85 per share.

s of Aug. 6, US$1 was equivalent to ¥102.36.Mitsui Sugar Co. Ltd.

4305435 said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥46.48 per share, a gain from ¥45.05 per share in the year-earlier period.