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Isuzu Motors fiscal Q3 profit climbs 16.0% YOY

Isuzu Motors Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2016, was ¥30.80 per share, a gain of 22.8% from ¥25.08 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥24.25 billion, a gain of 16.0% from ¥20.91 billion in the year-earlier period.

The normalized profit margin climbed to 5.1% from 4.7% in the year-earlier period.

Total revenue climbed 7.0% on an annual basis to ¥476.46 billion from ¥445.37 billion, and total operating expenses grew 6.9% year over year to ¥435.15 billion from ¥407.06 billion.

Reported net income rose 13.6% year over year to ¥30.14 billion, or ¥38.28 per share, from ¥26.53 billion, or ¥31.83 per share.

As of Feb. 10, US$1 was equivalent to ¥113.57.