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TKC Corp. fiscal Q1 profit climbs 90.8% YOY

TKC Corp. said its normalized net income for the fiscal first quarter ended Dec. 31, 2015, came to ¥59.83 per share, an increase of 90.5% from ¥31.41 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.59 billion, a gain of 90.8% from ¥835.8 million in the year-earlier period.

The normalized profit margin climbed to 11.3% from 6.9% in the year-earlier period.

Total revenue climbed 15.5% on an annual basis to ¥14.06 billion from ¥12.18 billion, and total operating expenses climbed 5.7% year over year to ¥11.57 billion from ¥10.95 billion.

Reported net income grew year over year to ¥1.72 billion, or ¥64.54 per share, from ¥813.5 million, or ¥30.57 per share.

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