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SPK Corp. fiscal Q1 profit climbs 15.4% YOY

SPK Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥37.19 per share, a gain of 16.5% from ¥31.93 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥192.5 million, an increase of 15.4% from ¥166.9 million in the prior-year period.

The normalized profit margin climbed to 2.2% from 2.1% in the year-earlier period.

Total revenue rose 11.0% on an annual basis to ¥8.92 billion from ¥8.04 billion, and total operating expenses grew 10.7% year over year to ¥8.63 billion from ¥7.79 billion.

Reported net income grew 15.8% from the prior-year period to ¥191.0 million, or ¥36.90 per share, from ¥165.0 million, or ¥31.57 per share.

As of Aug. 8, US$1 was equivalent to ¥101.85.