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Eco's Co. fiscal Q3 profit climbs YOY

Eco's Co. Ltd. said its normalized net income for the fiscal third quarter ended Nov. 30, 2014, amounted to ¥21.06 per share, a gain from ¥8.74 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥207.5 million, an increase from ¥85.0 million in the prior-year period.

The normalized profit margin rose to 0.7% from 0.3% in the year-earlier period.

Total revenue climbed 5.0% on an annual basis to ¥27.99 billion from ¥26.67 billion, and total operating expenses increased on an annual basis to ¥27.63 billion from ¥26.50 billion.

Reported net income rose from the prior-year period to ¥317.7 million, or ¥32.24 per share, from ¥83.4 million, or ¥8.57 per share.

As of Jan. 14, US$1 was equivalent to ¥116.84.