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SRS Holdings fiscal Q3 profit climbs 92.7% YOY

SRS Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥12.72 per share, an increase of 92.7% from ¥6.60 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥358.8 million, a gain of 92.7% from ¥186.1 million in the prior-year period.

The normalized profit margin climbed to 3.7% from 2.0% in the year-earlier period.

Total revenue grew year over year to ¥9.60 billion from ¥9.15 billion, and total operating expenses climbed on an annual basis to ¥9.16 billion from ¥8.86 billion.

Reported net income rose year over year to ¥449.0 million, or ¥15.92 per share, from ¥201.0 million, or ¥7.13 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.