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ARGO GRAPHICS fiscal Q3 profit climbs 23.2% YOY

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ARGO GRAPHICS fiscal Q3 profit climbs 23.2% YOY

ARGO GRAPHICS Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2015, came to ¥21.16 per share, a gain of 21.4% from ¥17.43 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥225.5 million, an increase of 23.2% from ¥183.0 million in the prior-year period.

The normalized profit margin rose to 3.2% from 2.9% in the year-earlier period.

Total revenue grew 8.7% on an annual basis to ¥6.95 billion from ¥6.39 billion, and total operating expenses rose 8.7% from the prior-year period to ¥6.63 billion from ¥6.10 billion.

Reported net income fell 15.3% on an annual basis to ¥215.6 million, or ¥20.23 per share, from ¥254.4 million, or ¥24.23 per share.

As of Feb. 15, US$1 was equivalent to ¥114.50.