Yahoo Japan Reports 13% Surge In FQ2 Net Profit

Yahoo Japan Corp YAHOY reported a 13% surge in its net profit for the fiscal second quarter. Yahoo Japan's quarterly net profit climbed to Y24.27 billion, versus Y21.44 billion, in the year-ago period. Its revenue gained 3.7% to Y73.76 billion, versus Y71.10 billion. Its operating profit climbed 5.5% to Y40.56 billion. Yahoo Japan projects a net profit between Y72.18 billion and Y73.68 billion for the nine-month period between April and December. It projects revenue to drop in a range between Y220.74 billion and Y224.64 billion. Yahoo Japan shares gained 0.09% to $10.60 in after-hours trading.