PAL Group Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥75.78 per share, a gain of 40.2% from ¥54.04 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.67 billion, a gain of 40.2% from ¥1.19 billion in the prior-year period.
The normalized profit margin rose to 6.1% from 4.9% in the year-earlier period.
Total revenue increased 12.7% year over year to ¥27.49 billion from ¥24.39 billion, and total operating expenses climbed 9.7% year over year to ¥24.74 billion from ¥22.56 billion.
Reported net income increased 58.1% on an annual basis to ¥1.54 billion, or ¥69.88 per share, from ¥972.0 million, or ¥44.19 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
