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Camil Alimentos fiscal Q2 profit climbs 10.3% YOY

Camil Alimentos SA said its normalized net income for the fiscal second quarter ended Aug. 31 came to 24.8 million reais, a rise of 10.3% from 22.5 million reais in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 2.8% from 2.5% in the year-earlier period.

Total revenue came to 895.3 million reais, compared with 892.8 million reais in the prior-year period, and total operating expenses came to 823.3 million reais, compared with 823.3 million reais in the prior-year period.

Reported net income came to 33.3 million reais, compared with 27.0 million reais in the year-earlier period.

As of Oct. 23, US$1 was equivalent to 2.50 reais.