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Life Foods fiscal Q3 profit climbs 28.0% YOY

Life Foods Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥23.43 per share, a gain of 36.1% from ¥17.21 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥74.4 million, an increase of 28.0% from ¥58.1 million in the prior-year period.

The normalized profit margin climbed to 2.4% from 1.9% in the year-earlier period.

Total revenue grew on an annual basis to ¥3.15 billion from ¥3.04 billion, and total operating expenses grew on an annual basis to ¥3.04 billion from ¥2.96 billion.

Reported net income rose 23.5% from the prior-year period to ¥63.0 million, or ¥19.84 per share, from ¥51.0 million, or ¥15.10 per share.

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