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Berg Earth posts fiscal Q1 loss

Berg Earth Co. Ltd. said its normalized net income for the fiscal first quarter ended Jan. 31 was a loss of ¥121.1 million.

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

The normalized profit margin was 28.7%.

Total revenue totaled ¥422.0 million, and total operating expenses totaled ¥621.0 million.

Reported net income totaled a loss of ¥132.0 million, or a loss of ¥103.95 per share.

As of March 13, US$1 was equivalent to ¥121.18.