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Ride On Express posts fiscal Q3 profit

Ride On Express Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, was ¥228.8 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 4.6%.

Total revenue came to ¥4.93 billion, and total operating expenses came to ¥4.56 billion.

Reported net income came to ¥228.0 million, or ¥21.31 per share.

As of Feb. 12, US$1 was equivalent to ¥112.83.