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Golf Digest Online Q2 profit climbs YOY

Golf Digest Online Inc. said its second-quarter normalized net income was ¥260.6 million, an increase from ¥9.4 million in the year-earlier period.

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

The normalized profit margin rose to 5.5% from 0.3% in the year-earlier period.

Total revenue grew 27.8% year over year to ¥4.74 billion from ¥3.71 billion, and total operating expenses rose 17.0% on an annual basis to ¥4.32 billion from ¥3.69 billion.

Reported net income grew on an annual basis to ¥214.3 million, or ¥13.22 per share, from ¥1.0 million.

As of Aug. 11, US$1 was equivalent to ¥124.86.