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Toshiba fiscal Q3 profit climbs 57.6% YOY

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Toshiba fiscal Q3 profit climbs 57.6% YOY

Toshiba Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥12.76 per share, a gain of 57.6% from ¥8.09 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥54.01 billion, a gain of 57.6% from ¥34.28 billion in the year-earlier period.

The normalized profit margin climbed to 3.4% from 2.2% in the year-earlier period.

Total revenue increased on an annual basis to ¥1.610 trillion from ¥1.550 trillion, and total operating expenses rose year over year to ¥1.546 trillion from ¥1.488 trillion.

Reported net income rose 42.0% year over year to ¥54.61 billion, or ¥12.90 per share, from ¥38.45 billion, or ¥9.08 per share.

As of Feb. 9, US$1 was equivalent to ¥118.60.