Tigers Polymer Corp. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥11.87 per share, an increase from ¥4.88 per share in the prior-year period.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥237.6 million, a gain from ¥97.6 million in the year-earlier period.
The normalized profit margin increased to 2.6% from 1.3% in the year-earlier period.
Total revenue increased 19.2% on an annual basis to ¥9.08 billion from ¥7.61 billion, and total operating expenses increased 16.0% year over year to ¥8.68 billion from ¥7.48 billion.
Reported net income declined year over year to ¥60.0 million, or ¥3.00 per share, from ¥61.0 million, or ¥3.05 per share.
As of Aug. 12, US$1 was equivalent to ¥102.19.
