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BEENOS swings to profit in fiscal Q1

BEENOS Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, came to ¥25.50 per share, compared with a loss of ¥6.94 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥311.1 million, compared with a loss of ¥78.0 million in the year-earlier period.

The normalized profit margin climbed to 7.4% from negative 2.8% in the year-earlier period.

Total revenue rose 51.2% on an annual basis to ¥4.20 billion from ¥2.78 billion, and total operating expenses climbed 25.3% year over year to ¥3.68 billion from ¥2.94 billion.

Reported net income came to ¥385.2 million, or ¥31.58 per share, compared to a loss of ¥18.0 million, or a loss of ¥1.60 per share, in the year-earlier period.

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