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Ota Floriculture posts fiscal Q2 profit

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Ota Floriculture posts fiscal Q2 profit

Ota Floriculture Auction Co. Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 was ¥44.4 million.

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

The normalized profit margin was 0.6%.

Total revenue came to ¥7.24 billion, and total operating expenses came to ¥7.17 billion.

Reported net income totaled ¥46.0 million, or ¥9.04 per share.

As of Nov. 16, US$1 was equivalent to ¥123.10.