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Unitika fiscal Q3 profit climbs YOY

Unitika Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, amounted to ¥32.60 per share, a gain from ¥14.74 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.88 billion, an increase from ¥849.9 million in the prior-year period.

The normalized profit margin climbed to 5.0% from 2.1% in the year-earlier period.

Total revenue declined 9.8% on an annual basis to ¥37.38 billion from ¥41.42 billion, and total operating expenses decreased 11.8% year over year to ¥34.97 billion from ¥39.66 billion.

Reported net income increased 94.3% on an annual basis to ¥1.23 billion, or ¥21.26 per share, from ¥631.0 million, or ¥10.94 per share.

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