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Eagle Industry fiscal Q3 profit climbs 39.7% YOY

Eagle Industry Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥67.26 per share, an increase of 39.4% from ¥48.24 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥3.25 billion, a gain of 39.7% from ¥2.33 billion in the prior-year period.

The normalized profit margin rose to 9.3% from 7.3% in the year-earlier period.

Total revenue rose 9.5% on an annual basis to ¥35.04 billion from ¥31.99 billion, and total operating expenses climbed from the prior-year period to ¥30.82 billion from ¥29.68 billion.

Reported net income increased 29.2% on an annual basis to ¥3.49 billion, or ¥72.26 per share, from ¥2.70 billion, or ¥56.03 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.