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Eurasia Travel fiscal Q1 loss narrows YOY

Eurasia Travel Co. Ltd. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to a loss of ¥7.28 per share, compared with a loss of ¥16.09 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥26.9 million, compared with a loss of ¥59.4 million in the year-earlier period.

The normalized profit margin increased to negative 2.0% from negative 4.4% in the year-earlier period.

Total revenue came to ¥1.35 billion, compared with ¥1.34 billion in the year-earlier period, and total operating expenses decreased year over year to ¥1.38 billion from ¥1.41 billion.

Reported net income came to a loss of ¥28.0 million, or a loss of ¥7.59 per share, compared to a loss of ¥60.0 million, or a loss of ¥16.26 per share, in the prior-year period.

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