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SPK Corp. fiscal Q3 profit climbs 5.9% YOY

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SPK Corp. fiscal Q3 profit climbs 5.9% YOY

SPK Corp. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥47.86 per share, a gain of 7.3% from ¥44.61 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥246.9 million, a gain of 5.9% from ¥233.1 million in the year-earlier period.

The normalized profit margin fell to 2.5% from 2.6% in the year-earlier period.

Total revenue increased 11.5% year over year to ¥9.84 billion from ¥8.82 billion, and total operating expenses increased 11.8% from the prior-year period to ¥9.47 billion from ¥8.47 billion.

Reported net income increased 9.6% year over year to ¥252.0 million, or ¥48.86 per share, from ¥230.0 million, or ¥44.01 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.