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Euglena fiscal Q2 profit climbs YOY

Euglena Co. Ltd. said its normalized net income for the fiscal second quarter ended March 31 amounted to ¥1.76 per share, a gain from 26 sen per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥145.6 million, a gain from ¥21.9 million in the year-earlier period.

The normalized profit margin climbed to 10.5% from 2.9% in the year-earlier period.

Total revenue increased 83.4% year over year to ¥1.38 billion from ¥753.0 million, and total operating expenses climbed 70.4% from the prior-year period to ¥1.25 billion from ¥734.0 million.

Reported net income increased from the prior-year period to ¥140.6 million, or ¥1.70 per share, from ¥17.8 million, or 21 sen per share.

As of May 13, US$1 was equivalent to ¥119.08.