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Dentsu Q2 profit climbs 88.4% YOY

Dentsu Inc. said its normalized net income for the second quarter was ¥56.36 per share, an increase of 90.7% from ¥29.55 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥16.07 billion, an increase of 88.4% from ¥8.53 billion in the year-earlier period.

The normalized profit margin increased to 8.3% from 1.4% in the year-earlier period.

Total revenue decreased 67.7% year over year to ¥193.63 billion from ¥598.62 billion, and total operating expenses decreased 71.5% from the prior-year period to ¥166.77 billion from ¥584.50 billion.

Reported net income increased 423.8% year over year to ¥18.57 billion, or ¥65.12 per share, from ¥3.54 billion, or ¥12.28 per share.

As of Aug. 12, US$1 was equivalent to ¥100.91.