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Berg Earth posts fiscal Q2 profit

Berg Earth Co. Ltd. said its normalized net income for the fiscal second quarter ended April 30 amounted to ¥81.6 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 5.9%.

Total revenue came to ¥1.40 billion, and total operating expenses came to ¥1.27 billion.

Reported net income totaled ¥82.0 million, or ¥64.58 per share.

As of June 15, US$1 was equivalent to ¥123.50.