trending Market Intelligence /marketintelligence/en/news-insights/trending/DOdWb7llUrbaNPsKfLIq7g2 content esgSubNav
In This List

People Co. Ltd. swings to profit in fiscal Q1

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE


People Co. Ltd. swings to profit in fiscal Q1

People Co. Ltd. said its normalized net income for the fiscal first quarter ended April 20 was ¥8.29 per share, compared with a loss of ¥4.00 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥36.3 million, compared with a loss of ¥17.5 million in the prior-year period.

The normalized profit margin rose to 4.9% from negative 2.6% in the year-earlier period.

Total revenue grew 9.7% on an annual basis to ¥733.0 million from ¥668.0 million, and total operating expenses decreased on an annual basis to ¥671.0 million from ¥698.0 million.

Reported net income increased on an annual basis to ¥36.0 million, or ¥8.23 per share, from ¥10.0 million, or ¥2.29 per share.

As of June 4, US$1 was equivalent to ¥102.64.