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BEENOS swings to profit in fiscal Q3

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BEENOS swings to profit in fiscal Q3

BEENOS Inc. said its normalized net income for the fiscal third quarter ended June 30 came to ¥16.34 per share, compared with a loss of ¥6.67 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥201.3 million, compared with a loss of ¥81.0 million in the year-earlier period.

The normalized profit margin rose to 4.6% from negative 2.5% in the year-earlier period.

Total revenue rose 38.4% year over year to ¥4.42 billion from ¥3.19 billion, and total operating expenses grew 23.8% from the prior-year period to ¥4.11 billion from ¥3.32 billion.

Reported net income totaled ¥255.0 million, or ¥20.71 per share, compared to a loss of ¥149.0 million, or a loss of ¥12.27 per share, in the prior-year period.

As of Aug. 7, US$1 was equivalent to ¥124.28.