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Crea Holdings fiscal Q1 loss narrows YOY

Crea Holdings Inc. said its normalized net income for the fiscal first quarter ended June 30 was a loss of 86 Japanese sen per share, compared with a loss of ¥2.45 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 ¥31.9 million, compared with a loss of ¥55.0 million in the year-earlier period.

The normalized profit margin climbed to negative 91.1% from negative 110.0% in the year-earlier period.

Total revenue declined 30.0% on an annual basis to ¥35.0 million from ¥50.0 million, and total operating expenses fell 22.3% year over year to ¥87.0 million from ¥112.0 million.

Reported net income came to a loss of ¥51.0 million, or a loss of ¥1.38 per share, compared to a loss of ¥80.0 million, or a loss of ¥3.57 per share, in the year-earlier period.

As of Aug. 14, US$1 was equivalent to ¥102.44.