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B-R 31 Ice Cream Q2 loss widens 19.5% YOY

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B-R 31 Ice Cream Q2 loss widens 19.5% YOY

B-R 31 Ice Cream Co. Ltd. said its normalized net income for the second quarter amounted to a loss of ¥9.53 per share, compared with a loss of ¥7.98 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥91.9 million, compared with a loss of ¥76.9 million in the year-earlier period.

The normalized profit margin dropped to negative 1.9% from negative 1.6% in the year-earlier period.

Total revenue climbed year over year to ¥4.91 billion from ¥4.81 billion, and total operating expenses rose from the prior-year period to ¥5.08 billion from ¥4.93 billion.

Reported net income totaled a loss of ¥82.0 million, or a loss of ¥8.51 per share, compared to a loss of ¥73.0 million, or a loss of ¥7.58 per share, in the year-earlier period.

As of Aug. 7, US$1 was equivalent to ¥124.28.