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Alpen swings to loss in fiscal Q3

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Alpen swings to loss in fiscal Q3

4546554 said its normalized net income for the fiscal third quarter ended March 31 came to a loss of ¥14.82 per share, compared with ¥24.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥600.0 million, compared with income of ¥981.3 million in the prior-year period.

The normalized profit margin fell to negative 1.1% from 1.8% in the year-earlier period.

Total revenue declined on an annual basis to ¥52.85 billion from ¥53.99 billion, and total operating expenses grew year over year to ¥54.17 billion from ¥52.82 billion.

Reported net income totaled a loss of ¥703.0 million, or a loss of ¥17.36 per share, compared to income of ¥925.0 million, or ¥22.85 per share, in the year-earlier period.

s of May 14, US$1 was equivalent to ¥119.24.Alpen Co. Ltd.

4546554 said its normalized net income for the fiscal third quarter ended March 31 came to a loss of ¥14.82 per share, compared with ¥24.24 per share in the year-earlier period.