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IBC posts fiscal Q1 loss

Internetworking and Broadband Consulting Co.Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, was a loss of ¥6.3 million.

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

The normalized profit margin was 3.7%.

Total revenue came to ¥171.0 million, and total operating expenses came to ¥182.0 million.

Reported net income came to a loss of ¥7.0 million, or a loss of ¥1.30 per share.

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