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Global Food Creators fiscal Q3 profit climbs YOY

Global Food Creators Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥82.45 per share, a gain from ¥78.87 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥475.6 million, a gain from ¥455.0 million in the prior-year period.

The normalized profit margin climbed to 4.9% from 4.6% in the year-earlier period.

Total revenue decreased on an annual basis to ¥9.70 billion from ¥9.79 billion, and total operating expenses fell year over year to ¥8.94 billion from ¥9.07 billion.

Reported net income grew 8.9% from the prior-year period to ¥488.0 million, or ¥84.59 per share, from ¥448.0 million, or ¥77.66 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.