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Ota Floriculture posts fiscal Q1 profit

Ota Floriculture Auction Co. Ltd. said its normalized net income for the fiscal first quarter ended June 30 amounted to ¥8.1 million.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin was 0.1%.

Total revenue came to ¥6.14 billion, and total operating expenses totaled ¥6.15 billion.

Reported net income came to ¥2.0 million, or 39 sen per share.

As of Aug. 14, US$1 was equivalent to ¥124.29.