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Nippon View Hotel posts fiscal Q3 profit

Nippon View Hotel Co. Ltd. said its normalized net income for the fiscal third quarter ended Jan. 31 amounted to ¥295.6 million.

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

The normalized profit margin was 5.9%.

Total revenue came to ¥4.99 billion, and total operating expenses totaled ¥4.50 billion.

Reported net income totaled ¥298.4 million, or ¥30.77 per share.

As of March 13, US$1 was equivalent to ¥121.18.