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Dentsu fiscal Q1 profit climbs 96.4% YOY

Dentsu Inc. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥7.21 per share, an increase of 69.7% from ¥4.25 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.08 billion, an increase of 96.4% from ¥1.06 billion in the year-earlier period.

The normalized profit margin climbed to 0.4% from 0.2% in the year-earlier period.

Total revenue grew on an annual basis to ¥538.26 billion from ¥514.23 billion, and total operating expenses grew year over year to ¥539.05 billion from ¥514.95 billion.

Reported net income came to a loss of ¥735.0 million, or a loss of ¥2.55 per share, compared with a loss of ¥3.70 billion, or a loss of ¥14.84 per share, in the year-earlier period.

As of Aug. 12, US$1 was equivalent to ¥102.19.