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Unicafe fiscal Q3 profit climbs 53.9% YOY

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Unicafe fiscal Q3 profit climbs 53.9% YOY

Unicafe Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥12.37 per share, an increase of 53.9% from ¥8.04 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥171.3 million, an increase of 53.9% from ¥111.3 million in the year-earlier period.

The normalized profit margin increased to 5.8% from 4.4% in the year-earlier period.

Total revenue increased 16.2% year over year to ¥2.96 billion from ¥2.54 billion, and total operating expenses climbed 13.3% on an annual basis to ¥2.68 billion from ¥2.37 billion.

Reported net income rose 56.4% year over year to ¥233.0 million, or ¥16.83 per share, from ¥149.0 million, or ¥10.76 per share.

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