trending Market Intelligence /marketintelligence/en/news-insights/trending/02Jv1WPa1Tom0iEnfZRBSg2 content esgSubNav
In This List

IGB Eletronica Q3 loss narrows YOY

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure

Case Study

Honing Sustainable Investing Strategies with Robust Environmental Data


IGB Eletronica Q3 loss narrows YOY

IGB Eletronica SA said its third-quarter normalized net income was a loss of 1.04 reais per share, compared with a loss of 1.19 reais per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of 13.0 million reais, compared with a loss of 14.9 million reais in the year-earlier period.

Total revenue increased 9.2% on an annual basis to 2.3 million reais from 2.1 million reais, and total operating expenses declined 37.1% on an annual basis to 4.8 million reais from 7.7 million reais.

Reported net income totaled a loss of 20.8 million reais, or a loss of 1.66 reais per share, compared to a loss of 23.9 million reais, or a loss of 1.91 reais per share, in the prior-year period.

As of Nov. 21, US$1 was equivalent to 3.35 reais.