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Faltec fiscal Q3 profit climbs 31.8% YOY

Faltec Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥58.68 per share, a gain of 31.7% from ¥44.55 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥542.0 million, a gain of 31.8% from ¥411.4 million in the year-earlier period.

The normalized profit margin rose to 2.7% from 2.2% in the year-earlier period.

Total revenue increased on an annual basis to ¥19.73 billion from ¥19.02 billion, and total operating expenses increased on an annual basis to ¥19.01 billion from ¥18.38 billion.

Reported net income grew 27.9% on an annual basis to ¥394.5 million, or ¥42.71 per share, from ¥308.4 million, or ¥33.40 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.