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Medical System Network fiscal Q3 profit climbs YOY

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Medical System Network fiscal Q3 profit climbs YOY

Medical System Network Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥20.96 per share, an increase from ¥20.31 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥500.8 million, a gain from ¥485.1 million in the year-earlier period.

The normalized profit margin dropped to 2.6% from 2.8% in the year-earlier period.

Total revenue grew 13.2% on an annual basis to ¥19.64 billion from ¥17.34 billion, and total operating expenses climbed 13.3% on an annual basis to ¥18.74 billion from ¥16.53 billion.

Reported net income decreased 8.2% from the prior-year period to ¥357.0 million, or ¥14.94 per share, from ¥389.0 million, or ¥16.29 per share.

As of Feb. 6, US$1 was equivalent to ¥119.01.