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Resol Holdings fiscal Q1 profit climbs 43.7% YOY

Resol Holdings Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 was ¥16.72 per share, a gain of 43.7% from ¥11.63 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥92.9 million, an increase of 43.7% from ¥64.6 million in the prior-year period.

The normalized profit margin climbed to 1.9% from 1.4% in the year-earlier period.

Total revenue rose year over year to ¥4.83 billion from ¥4.76 billion, and total operating expenses came to ¥4.64 billion, compared with ¥4.60 billion in the prior-year period.

Reported net income decreased 61.3% on an annual basis to ¥79.0 million, or ¥14.22 per share, from ¥204.0 million, or ¥36.72 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.