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Eurasia Travel swings to loss in fiscal Q2

4980739 said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of ¥8.30 per share, compared with 34 sen 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 ¥30.6 million, compared with income of ¥1.3 million in the year-earlier period.

The normalized profit margin declined to negative 2.0% from 0.1% in the year-earlier period.

Total revenue declined 10.0% on an annual basis to ¥1.52 billion from ¥1.70 billion, and total operating expenses declined 7.5% year over year to ¥1.57 billion from ¥1.70 billion.

Reported net income came to a loss of ¥39.0 million, or a loss of ¥10.57 per share, compared to income of ¥1.0 million, or 27 sen per share, in the year-earlier period.

s of May 13, US$1 was equivalent to ¥119.08.Eurasia Travel Co. Ltd.

4980739 said its normalized net income for the fiscal second quarter ended March 31 amounted to a loss of ¥8.30 per share, compared with 34 sen per share in the year-earlier period.