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Belc fiscal Q3 profit climbs YOY

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Belc fiscal Q3 profit climbs YOY

Belc Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, came to ¥47.14 per share, compared with ¥46.84 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥983.8 million, compared with ¥977.5 million in the prior-year period.

The normalized profit margin declined to 2.5% from 2.7% in the year-earlier period.

Total revenue rose 11.2% on an annual basis to ¥40.01 billion from ¥35.97 billion, and total operating expenses grew 11.7% on an annual basis to ¥38.51 billion from ¥34.46 billion.

Reported net income fell from the prior-year period to ¥849.0 million, or ¥40.69 per share, from ¥875.0 million, or ¥41.93 per share.

As of Jan. 13, US$1 was equivalent to ¥118.49.