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Global Group Corp. posts fiscal Q3 profit

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Global Group Corp. posts fiscal Q3 profit

Global Group Corp. said its normalized net income for the fiscal third quarter ended June 30 came to ¥1.10 billion.

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

The normalized profit margin was 40.6%.

Total revenue came to ¥2.71 billion, and total operating expenses came to ¥2.69 billion.

Reported net income totaled ¥960.0 million, or ¥101.99 per share.

As of Aug. 12, US$1 was equivalent to ¥100.91.