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Golf Digest Online Q3 profit climbs 90.5% YOY

Golf Digest Online Inc. said its third-quarter normalized net income was ¥9.13 per share, a gain of 81.4% from ¥5.03 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥150.0 million, an increase of 90.5% from ¥78.8 million in the year-earlier period.

The normalized profit margin rose to 3.3% from 1.9% in the year-earlier period.

Total revenue grew 10.2% on an annual basis to ¥4.52 billion from ¥4.10 billion, and total operating expenses grew 7.4% from the prior-year period to ¥4.26 billion from ¥3.97 billion.

Reported net income increased from the prior-year period to ¥186.5 million, or ¥11.35 per share, from ¥63.8 million, or ¥4.07 per share.

As of Nov. 10, US$1 was equivalent to ¥123.26.