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PAL Group Holdings fiscal Q2 profit climbs 44.0% YOY

PAL Group Holdings Co. Ltd. said its normalized net income for the fiscal second quarter ended Aug. 31 was ¥39.59 per share, a gain of 44.0% from ¥27.49 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥870.8 million, a gain of 44.0% from ¥604.6 million in the prior-year period.

The normalized profit margin increased to 3.4% from 2.5% in the year-earlier period.

Total revenue increased year over year to ¥25.67 billion from ¥24.65 billion, and total operating expenses climbed year over year to ¥24.33 billion from ¥23.83 billion.

Reported net income grew on an annual basis to ¥679.0 million, or ¥30.87 per share, from ¥242.0 million, or ¥11.00 per share.

As of Oct. 15, US$1 was equivalent to ¥106.21.