Asahi Group Holdings Ltd. said its normalized net income for the third quarter amounted to ¥104.48 per share, an increase of 52.8% from ¥68.36 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥47.87 billion, a gain of 52.9% from ¥31.32 billion in the prior-year period.
The normalized profit margin climbed to 8.2% from 6.2% in the year-earlier period.
Total revenue increased 16.5% on an annual basis to ¥584.55 billion from ¥501.86 billion, and total operating expenses climbed 12.5% on an annual basis to ¥508.13 billion from ¥451.68 billion.
Reported net income grew 644.3% on an annual basis to ¥55.51 billion, or ¥121.16 per share, from ¥7.46 billion, or ¥16.27 per share.
As of Nov. 13, US$1 was equivalent to ¥113.50.