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DD Holdings swings to profit in fiscal Q3

DD Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥2.47 per share, compared with a loss of ¥4.05 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥17.5 million, compared with a loss of ¥28.8 million in the year-earlier period.

The normalized profit margin increased to 0.3% from negative 0.5% in the year-earlier period.

Total revenue rose 7.1% year over year to ¥6.31 billion from ¥5.89 billion, and total operating expenses grew 5.5% from the prior-year period to ¥6.29 billion from ¥5.96 billion.

Reported net income came to a loss of ¥31.0 million, or a loss of ¥4.51 per share, compared to a loss of ¥40.0 million, or a loss of ¥5.64 per share, in the prior-year period.

As of Jan. 14, US$1 was equivalent to ¥116.84.