S Foods Inc. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥34.39 per share, a gain of 45.8% from ¥23.58 per share in the year-earlier period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥962.9 million, an increase of 45.8% from ¥660.3 million in the year-earlier period.
The normalized profit margin climbed to 1.8% from 1.6% in the year-earlier period.
Total revenue climbed 27.8% year over year to ¥53.31 billion from ¥41.72 billion, and total operating expenses grew 27.5% year over year to ¥51.63 billion from ¥40.50 billion.
Reported net income rose 35.2% on an annual basis to ¥906.0 million, or ¥32.35 per share, from ¥670.0 million, or ¥23.92 per share.
As of Jan. 14, US$1 was equivalent to ¥116.84.
