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Kyokuto Kaihatsu Swings to ¥2.09 Billion Half-Year Profit

Kyokuto Kaihatsu Kogyo Co. Ltd. reported net profit of ¥2.09 billion for the half-year ended September 30, compared with a ¥1.49 billion loss a year earlier. Revenue rose to ¥84.74 billion from ¥74.18 billion, according to results prepared under Japanese accounting standards.

Kyokuto Kaihatsu Swings to ¥2.09 Billion Half-Year Profit

Operating profit increased to ¥3.87 billion from ¥3.70 billion. Pretax profit edged down to ¥3.66 billion from ¥3.69 billion.

Earnings per share were ¥54.24, compared with a loss of ¥38.64 per share in the year-earlier period. Figures in parentheses in the results indicate losses.

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