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Dentsu Q1 profit climbs 5.0% YOY

Dentsu Inc. said its normalized net income for the first quarter came to ¥59.61 per share, an increase of 5.2% from ¥56.69 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.97 billion, an increase of 5.0% from ¥16.16 billion in the year-earlier period.

The normalized profit margin dropped to 7.4% from 8.1% in the year-earlier period.

Total revenue grew 15.2% on an annual basis to ¥229.81 billion from ¥199.54 billion, and total operating expenses climbed 17.9% from the prior-year period to ¥197.69 billion from ¥167.75 billion.

Reported net income increased from the prior-year period to ¥17.94 billion, or ¥63.01 per share, from ¥17.21 billion, or ¥60.37 per share.

As of May 15, US$1 was equivalent to ¥113.61.