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Delica Foods Holdings fiscal Q3 profit climbs YOY

Delica Foods Holdings Co. Ltd. said its normalized net income for the fiscal third quarter ended Dec. 31, 2014, came to ¥24.65 per share, a gain from ¥5.46 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥151.3 million, an increase from ¥33.1 million in the prior-year period.

The normalized profit margin climbed to 2.1% from 0.5% in the year-earlier period.

Total revenue climbed on an annual basis to ¥7.10 billion from ¥6.81 billion, and total operating expenses rose on an annual basis to ¥6.86 billion from ¥6.75 billion.

Reported net income grew from the prior-year period to ¥158.9 million, or ¥25.90 per share, from ¥28.0 million, or ¥4.62 per share.

As of Feb. 10, US$1 was equivalent to ¥119.28.