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Asrapport Dining fiscal Q3 profit climbs 40.6% YOY

Asrapport Dining Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥4.19 per share, an increase of 34.2% from ¥3.12 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥83.1 million, an increase of 40.6% from ¥59.1 million in the year-earlier period.

The normalized profit margin increased to 2.8% from 2.3% in the year-earlier period.

Total revenue increased 15.2% year over year to ¥3.00 billion from ¥2.61 billion, and total operating expenses increased 13.8% from the prior-year period to ¥2.85 billion from ¥2.51 billion.

Reported net income grew year over year to ¥131.6 million, or ¥6.64 per share, from ¥49.8 million, or ¥2.63 per share.

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