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Resorttrust fiscal Q3 profit climbs 29.0% YOY

Resorttrust Inc. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥44.68 per share, a gain of 24.4% from ¥35.92 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥4.90 billion, a gain of 29.0% from ¥3.80 billion in the prior-year period.

The normalized profit margin climbed to 15.7% from 12.3% in the year-earlier period.

Total revenue climbed year over year to ¥31.25 billion from ¥30.79 billion, and total operating expenses rose on an annual basis to ¥25.17 billion from ¥24.81 billion.

Reported net income grew 25.1% on an annual basis to ¥4.69 billion, or ¥42.80 per share, from ¥3.75 billion, or ¥35.49 per share.

As of Feb. 13, US$1 was equivalent to ¥118.68.