create restaurants holdings inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, was ¥2.53 per share, a decrease of 39.3% from ¥4.18 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥365.5 million, a decrease of 7.2% from ¥393.8 million in the prior-year period.
The normalized profit margin dropped to 2.2% from 2.9% in the year-earlier period.
Total revenue rose 24.7% on an annual basis to ¥16.98 billion from ¥13.62 billion, and total operating expenses increased 26.2% year over year to ¥16.39 billion from ¥12.99 billion.
Reported net income grew 5.7% from the prior-year period to ¥224.0 million, or ¥1.55 per share, from ¥212.0 million, or ¥2.25 per share.
As of Jan. 13, US$1 was equivalent to ¥118.49.
