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S Foods fiscal Q2 profit climbs 76.8% YOY

S Foods Inc. said its normalized net income for the fiscal second quarter ended Aug. 31 amounted to ¥50.78 per share, a gain of 76.8% from ¥28.73 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥1.42 billion, a gain of 76.8% from ¥804.5 million in the year-earlier period.

The normalized profit margin climbed to 2.7% from 2.0% in the year-earlier period.

Total revenue rose 27.5% on an annual basis to ¥52.49 billion from ¥41.16 billion, and total operating expenses rose 25.8% year over year to ¥50.26 billion from ¥39.97 billion.

Reported net income grew 95.1% year over year to ¥1.52 billion, or ¥54.28 per share, from ¥779.0 million, or ¥27.82 per share.

As of Oct. 15, US$1 was equivalent to ¥106.21.