[JCN] CyberAgent Reports Third Quarter Results; Net Income Up 329%

JCN Network 7/29/2010

CyberAgent, a Tokyo-based leader in Internet media markets, has announced results for the third quarter ended June 30, 2010.

Net sales for the Group in the third quarter cumulative consolidated period were JPY 70,269 million (up 0.2% from JPY 70,142 million in the same period of the previous year). This constitutes an increase of 16.8% excluding the effects of excluding netprice from the consolidated subsidiaries, due to the steady expansion of business related to Ameba, etc. Increased profits accompanying the transition of Ameba business to profitability and the improved productivity of the Internet advertising agency business allowed operating income to reach JPY 7,038 million (up 146.3% from JPY 2,857 million in the same period of the previous year). Ordinary income reached JPY 7,031 million (up 151.1% from JPY 2,800 million in the same period of the previous year). Quarterly net income reached JPY 4,871 million (up 329.6% from JPY 1,134 million in the same period of the previous year) as a result of recording of tax expenses, etc. ...