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Japan Foods Holding fiscal Q2 profit climbs 39.4% YOY

Japan Foods Holding Ltd. said its normalized net income for the fiscal second quarter ended Sept. 30 came to S$999,380, a gain of 39.4% from S$716,880 in the prior-year period.

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

The normalized profit margin rose to 6.7% from 4.6% in the year-earlier period.

Total revenue grew year over year to S$15.9 million from S$15.5 million, and total operating expenses came to S$14.5 million, compared with S$14.6 million in the prior-year period.

Reported net income grew 36.8% from the prior-year period to S$1.3 million, or 1 cents per share, from S$985,000, or 1 cents per share.

As of Nov. 6, US$1 was equivalent to S$1.42.