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Ivy Cosmetics fiscal Q3 loss widens 67.9% YOY

Ivy Cosmetics Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to a loss of ¥38.57 per share, compared with a loss of ¥22.97 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥166.9 million, compared with a loss of ¥99.4 million in the year-earlier period.

The normalized profit margin fell to negative 24.8% from negative 12.6% in the year-earlier period.

Total revenue declined 15.0% on an annual basis to ¥672.0 million from ¥791.0 million, and total operating expenses declined year over year to ¥922.0 million from ¥949.0 million.

Reported net income totaled a loss of ¥187.0 million, or a loss of ¥43.22 per share, compared to a loss of ¥129.0 million, or a loss of ¥29.81 per share, in the prior-year period.

As of Feb. 12, US$1 was equivalent to ¥118.90.