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Foster Electric fiscal Q3 profit climbs YOY

Foster Electric Co.Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, was ¥100.07 per share, a gain from ¥49.50 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥2.68 billion, a gain from ¥1.32 billion in the prior-year period.

The normalized profit margin climbed to 5.2% from 3.1% in the year-earlier period.

Total revenue grew 19.1% year over year to ¥51.62 billion from ¥43.36 billion, and total operating expenses grew 14.0% from the prior-year period to ¥47.30 billion from ¥41.50 billion.

Reported net income rose 78.7% year over year to ¥2.30 billion, or ¥85.94 per share, from ¥1.29 billion, or ¥48.12 per share.

As of Feb. 12, US$1 was equivalent to ¥118.90.